Standard Chartered PLC (OTCMKTS:SCBFF) Given Average Recommendation of “Moderate Buy” by Analysts

Standard Chartered PLC (OTCMKTS:SCBFF) has earned an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company.

Several brokerages have commented on SCBFF. Citigroup restated a “neutral” rating on shares of Standard Chartered in a research note on Friday, May 1st. Keefe, Bruyette & Woods upgraded Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. BNP Paribas Exane upgraded shares of Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a research note on Wednesday.

Standard Chartered Trading Down 3.3%

Shares of SCBFF stock opened at $24.93 on Friday. The stock has a market capitalization of $56.68 billion, a price-to-earnings ratio of 12.16 and a beta of 0.68. The company’s fifty day simple moving average is $22.69 and its two-hundred day simple moving average is $23.05. Standard Chartered has a 1 year low of $14.60 and a 1 year high of $26.45. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.82 and a quick ratio of 0.82.

Standard Chartered (OTCMKTS:SCBFF) last announced its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.18. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%.The company had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.58 billion. As a group, analysts anticipate that Standard Chartered will post 2.26 earnings per share for the current year.

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.