Standard Chartered (OTCMKTS:SCBFF) Reaches New 1-Year High – Should You Buy?

Standard Chartered PLC (OTCMKTS:SCBFF) shares reached a new 52-week high on Friday . The stock traded as high as $14.31 and last traded at $14.31, with a volume of 4043 shares changing hands. The stock had previously closed at $13.30.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group cut shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 3rd.

Standard Chartered Trading Up 7.6 %

The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84. The stock’s 50-day moving average is $12.71 and its two-hundred day moving average is $11.33. The stock has a market cap of $35.13 billion, a P/E ratio of 12.89 and a beta of 0.75.

Standard Chartered Company Profile

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.