Zacks Research upgraded shares of Standard Chartered (OTCMKTS:SCBFY – Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Thursday morning,Zacks.com reports.
Standard Chartered Trading Down 0.9%
OTCMKTS SCBFY opened at $53.77 on Thursday. The company has a 50 day moving average of $51.88 and a 200-day moving average of $49.09. Standard Chartered has a 1-year low of $32.35 and a 1-year high of $56.59.
Standard Chartered Company Profile
Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.
The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.
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