Standard Chartered PLC (OTCMKTS:SCBFF) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Standard Chartered PLC (OTCMKTS:SCBFF) have been assigned an average rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

Several brokerages have weighed in on SCBFF. Deutsche Bank Aktiengesellschaft raised Standard Chartered from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. BNP Paribas Exane upgraded Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research note on Friday, May 1st. Finally, Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, May 13th.

Standard Chartered Stock Performance

SCBFF opened at $27.21 on Friday. The firm has a market cap of $61.86 billion, a price-to-earnings ratio of 13.27 and a beta of 0.69. The stock has a fifty day moving average price of $25.80 and a 200-day moving average price of $24.30. Standard Chartered has a 12 month low of $16.10 and a 12 month high of $28.07. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50.

Standard Chartered (OTCMKTS:SCBFF) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.18. The business had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.58 billion. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. As a group, equities research analysts anticipate that Standard Chartered will post 2.26 earnings per share for the current fiscal year.

Standard Chartered Company Profile

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.