Standard Chartered (OTCMKTS:SCBFF) Rating Lowered to Underperform at BNP Paribas

Standard Chartered (OTCMKTS:SCBFF) was downgraded by stock analysts at BNP Paribas from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Friday, Briefing.com Automated Import reports.

SCBFF has been the subject of a number of other reports. Zacks Investment Research cut Standard Chartered from a “hold” rating to a “sell” rating in a research report on Tuesday, August 20th. Investec raised Standard Chartered from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, ValuEngine raised Standard Chartered from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 10th. Five research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold”.

Standard Chartered stock traded up $0.15 during midday trading on Friday, reaching $9.06. 2,913 shares of the stock traded hands, compared to its average volume of 6,113. The firm has a market cap of $29.12 billion, a PE ratio of 14.84 and a beta of 1.42. Standard Chartered has a 12-month low of $7.05 and a 12-month high of $9.55. The company has a 50-day simple moving average of $8.62 and a two-hundred day simple moving average of $8.52.

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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