Standard Chartered (OTCMKTS:SCBFY) Reaches New 52-Week High – Should You Buy?

Standard Chartered PLC (OTCMKTS:SCBFY)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $53.40 and last traded at $53.40, with a volume of 57310 shares. The stock had previously closed at $52.87.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Standard Chartered to a “hold” rating in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Standard Chartered Price Performance

The firm’s 50-day moving average price is $46.94 and its 200 day moving average price is $47.29.

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.