Standard Chartered PLC (OTCMKTS:SCBFF) Receives $7.00 Consensus Price Target from Brokerages

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 Company Profile

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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Analyst Recommendations for Standard Chartered (OTCMKTS:SCBFF)

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