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

Shares of Standard Chartered PLC (OTCMKTS:SCBFF) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and three have issued a buy rating on the company.

A number of equities analysts have recently issued reports on SCBFF shares. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a research note on Wednesday, May 13th. Citigroup restated a “neutral” rating on shares of Standard Chartered in a research note on Friday, May 1st. 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. Finally, BNP Paribas Exane upgraded shares of Standard Chartered to an “outperform” rating in a research note on Tuesday, April 14th.

Standard Chartered Trading Up 2.7%

Shares of SCBFF stock opened at $27.78 on Wednesday. Standard Chartered has a 52-week low of $14.85 and a 52-week high of $27.78. The stock has a market cap of $63.15 billion, a price-to-earnings ratio of 13.55 and a beta of 0.68. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a fifty day moving average of $23.64 and a 200-day moving average of $23.49.

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