Standard Chartered (OTCMKTS:SCBFY) Reaches New 12-Month High – Still a Buy?

Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report)’s stock price hit a new 52-week high during mid-day trading on Friday . The company traded as high as $62.92 and last traded at $62.88, with a volume of 140822 shares changing hands. The stock had previously closed at $61.92.

Wall Street Analyst Weigh In

Separately, Zacks Research cut shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Monday, July 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, Standard Chartered presently has an average rating of “Hold”.

View Our Latest Research Report on SCBFY

Standard Chartered Stock Performance

The stock has a 50 day moving average price of $58.83 and a two-hundred day moving average price of $52.53.

Standard Chartered Company Profile

(Get Free Report)

Standard Chartered PLC is an international banking group headquartered in London, United Kingdom. Through its banking operations and subsidiaries, the company provides financial services to individuals, businesses, financial institutions and governments, with a particular focus on markets across Asia, Africa and the Middle East.

The company’s offerings include retail and affluent banking, wealth management, corporate and institutional banking, trade finance, transaction banking, foreign exchange, lending, cash management and investment banking services.

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