Standard Chart (SCBFF) Rating Increased to Overweight at J P Morgan Chase & Co
Standard Chart (OTCMKTS:SCBFF) was upgraded by research analysts at J P Morgan Chase & Co from a “neutral” rating to an “overweight” rating in a report released on Tuesday.
A number of other equities research analysts also recently weighed in on the company. Deutsche Bank raised Standard Chart from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. Investec raised Standard Chart from a “sell” rating to a “hold” rating in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Standard Chart has a consensus rating of “Hold”.
Shares of Standard Chart (OTCMKTS:SCBFF) traded up $0.15 during mid-day trading on Tuesday, hitting $10.15. The company’s stock had a trading volume of 8 shares, compared to its average volume of 6,276. Standard Chart has a 52-week low of $7.95 and a 52-week high of $11.18.
Standard Chart Company Profile
Standard Chartered PLC provides various banking products and services in Asia, Africa, and the Middle East. The company operates in four segments: Corporate & Institutional Banking, Private Banking, Commercial Banking, and Retail Banking. It offers personal banking services, including savings and accounts; personal, instalment, or revolving loans; mortgages; credit cards; life, savings and retirement planning, health and medical, home, motor, and travel insurance products; investment advisory services; retail FX products; mutual funds; and employee banking services.
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