Standard Chartered (OTCMKTS:SCBFY) Sets New 12-Month High – Time to Buy?

Standard Chartered PLC (OTCMKTS:SCBFY) reached a new 52-week high during trading on Monday . The stock traded as high as $57.28 and last traded at $57.28, with a volume of 658 shares trading hands. The stock had previously closed at $56.05.

Analyst Ratings Changes

Separately, Zacks Research upgraded 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, According to data from MarketBeat, the company has an average rating of “Strong Buy”.

Standard Chartered Price Performance

The stock has a 50 day moving average price of $52.90 and a two-hundred day moving average price of $49.57.

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.