Zacks Research downgraded shares of Standard Chartered (OTCMKTS:SCBFY – Free Report) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.
Standard Chartered Stock Performance
Shares of OTCMKTS SCBFY opened at $56.15 on Monday. Standard Chartered has a 52-week low of $34.97 and a 52-week high of $58.20. The stock’s fifty day simple moving average is $54.71 and its 200 day simple moving average is $50.35.
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.
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