Standard Chartered (OTCMKTS:SCBFF) Stock Rating Upgraded by Keefe, Bruyette & Woods

Standard Chartered (OTCMKTS:SCBFF) was upgraded by equities research analysts at Keefe, Bruyette & Woods from a “moderate sell” rating to a “hold” rating in a research note issued on Wednesday,Zacks.com reports.

SCBFF has been the topic of several other research reports. Zacks Research cut shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. BNP Paribas Exane raised shares of Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research note on Monday, April 13th. Finally, Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research note on Friday, May 1st. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Standard Chartered Stock Performance

OTCMKTS:SCBFF opened at $25.94 on Wednesday. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a 50-day moving average of $22.50 and a two-hundred day moving average of $22.80. The stock has a market cap of $58.97 billion, a P/E ratio of 12.65 and a beta of 0.68. Standard Chartered has a 1-year low of $13.97 and a 1-year high of $26.45.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.18. The company had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.58 billion. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. On average, research analysts expect that Standard Chartered will post 2.26 earnings per share for the current fiscal year.

Standard Chartered Company Profile

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.