Shares of Standard Chartered PLC (OTCMKTS:SCBFF) have been assigned an average recommendation of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $7.00.
A number of equities analysts recently commented on SCBFF shares. Barclays restated a “sell” rating on shares of Standard Chartered in a report on Friday, August 6th. Credit Suisse Group upgraded Standard Chartered from an “underperform” rating to a “neutral” rating in a report on Thursday, July 1st. Finally, Zacks Investment Research upgraded Standard Chartered from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a report on Wednesday, September 15th.
Shares of OTCMKTS SCBFF traded up $0.06 during mid-day trading on Wednesday, reaching $6.08. 17,100 shares of the company’s stock were exchanged, compared to its average volume of 4,791. The firm has a market capitalization of $19.19 billion, a price-to-earnings ratio of 16.89 and a beta of 1.10. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.81 and a current ratio of 0.81. Standard Chartered has a 52-week low of $4.30 and a 52-week high of $7.57. The company’s 50-day moving average is $6.14 and its 200-day moving average is $6.57.
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments.
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