Standard Chartered (OTCMKTS:SCBFY) Sets New 12-Month High – Still a Buy?

Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $53.40 and last traded at $53.40, with a volume of 57310 shares traded. The stock had previously closed at $52.87.

Analyst Upgrades and Downgrades

Separately, Zacks Research raised Standard Chartered to a “hold” rating in a report on Monday, April 13th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Standard Chartered has an average rating of “Hold”.

Check Out Our Latest Analysis on Standard Chartered

Standard Chartered Trading Up 0.8%

The firm’s fifty day simple moving average is $46.63 and its two-hundred day simple moving average is $47.17.

Standard Chartered Company Profile

(Get Free Report)

Standard Chartered PLC is a leading international banking group headquartered in London, with a heritage dating back to the 19th century. The bank was formed in 1969 through the merger of Standard Bank of British South Africa and Chartered Bank of India, Australia and China, combining deep roots in emerging markets with a global footprint. Over more than 150 years of operations, Standard Chartered has built a reputation for expertise in trade finance, corporate banking and cross-border transactions.

The company offers a broad range of financial products and services, including corporate and institutional banking, retail banking, wealth management, treasury and capital markets solutions.

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