Standard Chartered (OTCMKTS:SCBFF) Sees Unusually-High Trading Volume – Time to Buy?

Standard Chartered PLC (OTCMKTS:SCBFF) shares saw strong trading volume on Tuesday . 30,856 shares changed hands during trading, an increase of 212% from the previous session’s volume of 9,885 shares.The stock last traded at $24.1675 and had previously closed at $24.1450.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SCBFF. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a research note on Monday, April 13th. BNP Paribas Exane raised Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a report on Wednesday, February 25th. Finally, Zacks Research lowered Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Standard Chartered has a consensus rating of “Moderate Buy”.

Standard Chartered Trading Down 2.2%

The company has a debt-to-equity ratio of 1.50, a current ratio of 0.82 and a quick ratio of 0.82. The firm’s fifty day moving average is $22.47 and its two-hundred day moving average is $22.46. The firm has a market capitalization of $52.90 billion, a PE ratio of 12.38 and a beta of 0.58.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings data on Tuesday, February 24th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.02). Standard Chartered had a net margin of 12.86% and a return on equity of 10.77%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.82 billion. On average, equities analysts predict that Standard Chartered PLC will post 2.26 EPS 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.