Standard Chartered PLC (OTCMKTS:SCBFY – Get Free Report) shares passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $53.16 and traded as high as $54.0850. Standard Chartered shares last traded at $53.52, with a volume of 117,390 shares trading hands.
Analysts Set New Price Targets
Separately, Zacks Research lowered Standard Chartered from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 13th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Analysis on SCBFY
Standard Chartered Trading Up 3.3%
The company’s fifty day moving average price is $59.05 and its 200-day moving average price is $53.18.
Standard Chartered Company Profile
Standard Chartered PLC is an international banking group headquartered in London, United Kingdom. The company provides banking and financial services to individuals, businesses, institutions and governments, with a primary focus on markets across Asia, Africa and the Middle East, as well as operations in the United Kingdom and other global financial centers.
The group’s businesses include corporate and institutional banking, commercial banking, wealth management, private banking and retail banking.
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