Standard Chartered (OTCMKTS:SCBFY) Sees Strong Trading Volume – Still a Buy?

Standard Chartered PLC (OTCMKTS:SCBFY) shares saw an uptick in trading volume on Tuesday . Approximately 512,217 shares traded hands during trading, an increase of 142% from the previous session’s volume of 211,318 shares.The stock last traded at $56.56 and had previously closed at $55.40.

Analysts Set New Price Targets

Separately, Zacks Research raised 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, Standard Chartered has a consensus rating of “Strong Buy”.

Standard Chartered Trading Up 2.2%

The business’s fifty day moving average price is $54.30 and its 200 day moving average price is $50.17.

Standard Chartered Company Profile

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.