Standard Chartered (OTCMKTS:SCBFF) Hits New 12-Month High – Should You Buy?

Standard Chartered PLC (OTCMKTS:SCBFF) reached a new 52-week high on Friday . The stock traded as high as $25.1450 and last traded at $25.1450, with a volume of 1201 shares. The stock had previously closed at $24.7040.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on SCBFF shares. Citigroup reiterated a “neutral” rating on shares of Standard Chartered in a research report on Monday, November 3rd. Morgan Stanley upgraded Standard Chartered from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 24th. Zacks Research raised Standard Chartered from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 12th. Finally, The Goldman Sachs Group upgraded Standard Chartered from a “hold” rating to a “buy” rating in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Standard Chartered has an average rating of “Buy”.

Standard Chartered Price Performance

The company’s 50-day moving average price is $21.92 and its 200-day moving average price is $19.50. The company has a market cap of $56.24 billion, a P/E ratio of 13.16 and a beta of 0.53.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.45 by $0.06. The business had revenue of $5.15 billion for the quarter, compared to analysts’ expectations of $4.97 billion. Standard Chartered had a net margin of 12.84% and a return on equity of 10.88%. On average, equities research analysts predict that Standard Chartered PLC will post 1.66 EPS for the current 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.