Standard Chartered (OTCMKTS:SCBFY) Reaches New 12-Month High – Time to Buy?

Shares of Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report) reached a new 52-week high on Tuesday . The stock traded as high as $60.35 and last traded at $60.30, with a volume of 7161 shares traded. The stock had previously closed at $59.62.

Wall Street Analysts Forecast Growth

Separately, Zacks Research lowered Standard Chartered from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Standard Chartered has an average rating of “Hold”.

Check Out Our Latest Stock Report on SCBFY

Standard Chartered Trading Up 1.4%

The firm’s fifty day moving average price is $55.20 and its two-hundred day moving average price is $50.63.

Standard Chartered Company Profile

(Get Free Report)

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.

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