Standard Chartered (OTCMKTS:SCBFF) Sees Strong Trading Volume – Should You Buy?

Standard Chartered PLC (OTCMKTS:SCBFF) saw unusually-strong trading volume on Monday . Approximately 80,857 shares were traded during mid-day trading, an increase of 745% from the previous session’s volume of 9,568 shares.The stock last traded at $25.85 and had previously closed at $24.93.

Analyst Ratings Changes

SCBFF has been the topic of several research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research report on Friday, May 1st. Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a report on Wednesday. BNP Paribas Exane raised Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 6th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Standard Chartered has an average rating of “Moderate Buy”.

Standard Chartered Stock Performance

The stock has a market capitalization of $58.09 billion, a P/E ratio of 12.46 and a beta of 0.68. The company’s 50-day moving average is $22.69 and its two-hundred day moving average is $23.08. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 1.50.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.18. The firm had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.58 billion. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. As a group, sell-side analysts anticipate 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.