Standard Chartered (OTCMKTS:SCBFY) Sets New 1-Year High – Here’s What Happened

Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report) shares reached a new 52-week high on Wednesday . The stock traded as high as $58.12 and last traded at $57.85, with a volume of 9512 shares traded. The stock had previously closed at $57.01.

Analyst Ratings Changes

Separately, Zacks Research upgraded Standard Chartered from a “hold” rating to a “strong-buy” rating in a report on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Strong Buy”.

Check Out Our Latest Stock Report on SCBFY

Standard Chartered Price Performance

The business has a 50 day moving average price of $53.88 and a 200 day moving average price of $49.97.

About Standard Chartered

(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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