Standard Chartered PLC (OTCMKTS:SCBFF) Receives Average Recommendation of “Hold” from Analysts

Standard Chartered PLC (OTCMKTS:SCBFF) has received a consensus rating of “Hold” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company.

A number of research firms have recently weighed in on SCBFF. ValuEngine raised shares of Standard Chartered from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Investec raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a research note on Monday, March 25th. HSBC reaffirmed a “reduce” rating on shares of Standard Chartered in a research note on Wednesday, May 1st. Finally, Macquarie raised shares of Standard Chartered from a “neutral” rating to an “outperform” rating in a research note on Thursday, March 7th.

Shares of SCBFF traded up $0.21 during mid-day trading on Thursday, reaching $8.95. The company’s stock had a trading volume of 2,168 shares, compared to its average volume of 3,118. The company has a fifty day moving average price of $8.74. The company has a market cap of $29.55 billion, a P/E ratio of 14.67 and a beta of 1.28. Standard Chartered has a 1 year low of $6.64 and a 1 year high of $9.55.



Standard Chartered Company Profile

Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.

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Analyst Recommendations for Standard Chartered (OTCMKTS:SCBFF)

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