Standard Bank Group (OTCMKTS:SGBLY) Shares Down 2.5% – Time to Sell?

Standard Bank Group Limited (OTCMKTS:SGBLY)’s stock price was down 2.5% during mid-day trading on Tuesday . The company traded as low as $16.40 and last traded at $16.42. Approximately 56,313 shares changed hands during mid-day trading, an increase of 47% from the average daily volume of 38,421 shares. The stock had previously closed at $16.84.

Wall Street Analyst Weigh In

Several analysts recently commented on SGBLY shares. Investec upgraded Standard Bank Group from a “sell” rating to a “buy” rating in a research report on Friday, September 19th. The Goldman Sachs Group started coverage on shares of Standard Bank Group in a report on Thursday, November 13th. They set a “neutral” rating for the company. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Standard Bank Group has an average rating of “Moderate Buy”.

Standard Bank Group Stock Down 2.5%

The company has a fifty day simple moving average of $15.34 and a 200-day simple moving average of $14.12.

Standard Bank Group Company Profile

Standard Bank Group Limited provides banking and financial products and services in South Africa and internationally. It offers transactional accounts and digital banking platforms; personal and business lending solutions to enhance cash flow; finance for buying, building, and maintaining home; foreign exchange services; trusts and third-party administration accounts; workplace solutions, such as payroll and HR, financial planning, and employer value banking; merchant solutions, including point-of-sale, ecommerce, digital payments, payment processing, and small business support; and cash management services.