Standard Chartered PLC (OTCMKTS:SCBFF) Receives Consensus Rating of “Moderate Buy” from Brokerages

Standard Chartered PLC (OTCMKTS:SCBFF) has been given a consensus recommendation of “Moderate Buy” by the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company.

A number of research firms have recently commented on SCBFF. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Friday, May 1st. Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 6th. Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft upgraded Standard Chartered from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, BNP Paribas Exane upgraded Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th.

Standard Chartered Price Performance

Standard Chartered stock opened at $26.33 on Friday. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.82 and a current ratio of 0.82. Standard Chartered has a 52 week low of $15.91 and a 52 week high of $27.78. The stock has a market capitalization of $59.85 billion, a P/E ratio of 12.84 and a beta of 0.68. The stock has a fifty day moving average of $25.51 and a 200-day moving average of $24.13.

Standard Chartered (OTCMKTS:SCBFF) last posted its quarterly earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.18. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%.The company had revenue of $5.90 billion during the quarter, compared to analysts’ expectations of $5.58 billion. On average, sell-side analysts expect that Standard Chartered will post 2.26 earnings per share for the current fiscal year.

About Standard Chartered

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.