Standard Chartered (OTCMKTS:SCBFF – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.69 by $0.06, Zacks reports. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%.
Standard Chartered Price Performance
OTCMKTS:SCBFF traded up $0.68 on Wednesday, reaching $28.65. 652 shares of the company’s stock traded hands, compared to its average volume of 13,086. The stock has a 50-day simple moving average of $26.86 and a 200-day simple moving average of $24.74. Standard Chartered has a 12 month low of $17.39 and a 12 month high of $29.12. The firm has a market cap of $65.13 billion, a PE ratio of 13.97 and a beta of 0.69. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50.
Analysts Set New Price Targets
SCBFF has been the subject of a number of recent research reports. UBS Group cut shares of Standard Chartered from a “buy” rating to a “hold” rating in a research report on Thursday, July 23rd. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, July 8th. Keefe, Bruyette & Woods upgraded shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a report on Thursday, July 16th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.
About Standard Chartered
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.
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