Standard Chartered (OTCMKTS:SCBFF) Shares Gap Up – What’s Next?

Standard Chartered PLC (OTCMKTS:SCBFF) shares gapped up prior to trading on Friday . The stock had previously closed at $27.45, but opened at $29.0275. Standard Chartered shares last traded at $29.0275, with a volume of 193 shares changing hands.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on SCBFF shares. BNP Paribas Exane raised Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. UBS Group cut shares of Standard Chartered from a “buy” rating to a “hold” rating in a report on Thursday. Keefe, Bruyette & Woods upgraded shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Finally, Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a report on Thursday, July 16th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Standard Chartered Price Performance

The company has a debt-to-equity ratio of 1.50, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50 day moving average price of $26.73 and a 200 day moving average price of $24.69. The firm has a market cap of $63.69 billion, a PE ratio of 13.66 and a beta of 0.69.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.18. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%.The firm had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.58 billion. Sell-side analysts expect that Standard Chartered PLC will post 2.28 EPS for the current fiscal year.

Standard Chartered Company Profile

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.