Standard Chartered (OTCMKTS:SCBFF) Stock Price Down 6.7% – What’s Next?

Standard Chartered PLC (OTCMKTS:SCBFF)’s share price was down 6.7% on Wednesday . The stock traded as low as $24.50 and last traded at $24.50. Approximately 796 shares changed hands during mid-day trading, a decline of 92% from the average daily volume of 10,514 shares. The stock had previously closed at $26.2550.

Analyst Ratings Changes

Several research analysts have weighed in on SCBFF shares. Keefe, Bruyette & Woods raised shares of Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 6th. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a report on Wednesday, May 13th. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Friday, May 1st. Finally, BNP Paribas Exane raised shares of Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Standard Chartered Price Performance

The company’s fifty day moving average price is $24.30 and its 200 day moving average price is $23.72. The company has a market capitalization of $54.58 billion, a P/E ratio of 11.71 and a beta of 0.68. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50.

Standard Chartered (OTCMKTS:SCBFF) last announced its earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.54 by $0.18. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. The company had revenue of $5.90 billion for the quarter, compared to analysts’ expectations of $5.58 billion. As a group, sell-side analysts forecast that Standard Chartered PLC will post 2.26 EPS for the current 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.