Standard Chartered (OTCMKTS:SCBFF) Trading Up 4.1% – Time to Buy?

Standard Chartered PLC (OTCMKTS:SCBFF) shares shot up 4.1% during trading on Thursday . The stock traded as high as $20.75 and last traded at $20.6975. 2,878 shares were traded during trading, a decline of 86% from the average session volume of 20,962 shares. The stock had previously closed at $19.8750.

Wall Street Analyst Weigh In

Separately, Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Standard Chartered has an average rating of “Hold”.

Standard Chartered Stock Performance

The business has a fifty day simple moving average of $19.71 and a 200 day simple moving average of $17.89. The stock has a market cap of $47.75 billion, a price-to-earnings ratio of 11.31 and a beta of 0.74.

Standard Chartered (OTCMKTS:SCBFF) last announced its quarterly earnings data on Thursday, October 30th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.06. Standard Chartered had a net margin of 12.27% and a return on equity of 10.73%. The company had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.97 billion. On average, equities research analysts anticipate that Standard Chartered PLC will post 1.66 EPS for the current fiscal year.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.