Standard Chartered (OTCMKTS:SCBFF) Sees Strong Trading Volume – What’s Next?

Standard Chartered PLC (OTCMKTS:SCBFF) shares saw strong trading volume on Monday . Approximately 273,792 shares traded hands during trading, an increase of 2,341% from the previous session’s volume of 11,215 shares.The stock last traded at $28.5797 and had previously closed at $28.0125.

Analyst Ratings Changes

Several research firms recently issued reports on SCBFF. BNP Paribas Exane raised shares of Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. UBS Group cut shares of Standard Chartered from a “buy” rating to a “hold” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft raised Standard Chartered from a “hold” rating to a “buy” rating in a research report on Tuesday, June 23rd. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, July 8th. Finally, Citigroup restated a “neutral” rating on shares of Standard Chartered in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Standard Chartered Stock Performance

The firm’s fifty day moving average price is $26.73 and its 200-day moving average price is $24.69. The company has a market cap of $64.97 billion, a P/E ratio of 13.94 and a beta of 0.69. 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 released its earnings results 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. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. The business had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.58 billion. As a group, research analysts forecast that Standard Chartered PLC will post 2.28 EPS for the current fiscal year.

Standard Chartered Company Profile

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.