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

Shares of Standard Chartered PLC (OTCMKTS:SCBFF) have received a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company.

SCBFF has been the topic of several analyst reports. Morgan Stanley restated an “overweight” rating on shares of Standard Chartered in a report on Wednesday, July 8th. UBS Group lowered shares of Standard Chartered from a “buy” rating to a “hold” rating in a report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. Keefe, Bruyette & Woods upgraded Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research note on Thursday, July 16th.

Hedge Funds Weigh In On Standard Chartered

A hedge fund recently raised its position in Standard Chartered stock. Madison Asset Management LLC grew its stake in Standard Chartered PLC (OTCMKTS:SCBFF) by 13.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,447 shares of the company’s stock after acquiring an additional 5,154 shares during the quarter. Madison Asset Management LLC’s holdings in Standard Chartered were worth $2,313,000 at the end of the most recent quarter.

Standard Chartered Price Performance

Shares of SCBFF stock opened at $29.99 on Monday. The firm has a market cap of $68.18 billion, a price-to-earnings ratio of 14.27 and a beta of 0.70. Standard Chartered has a 12 month low of $17.39 and a 12 month high of $30.93. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50. The stock has a 50-day moving average price of $27.73 and a 200 day moving average price of $25.18.

Standard Chartered (OTCMKTS:SCBFF) last released its earnings results on Wednesday, July 29th. The company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Standard Chartered had a net margin of 13.79% and a return on equity of 10.97%. The company had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.59 billion. Research analysts expect that Standard Chartered will post 2.44 EPS for the current year.

Standard Chartered Company Profile

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.