Standard Chartered (OTCMKTS:SCBFY) Sees Strong Trading Volume – Here’s What Happened

Shares of Standard Chartered PLC (OTCMKTS:SCBFY) saw strong trading volume on Thursday . 571,610 shares changed hands during trading, an increase of 169% from the previous session’s volume of 212,355 shares.The stock last traded at $49.6250 and had previously closed at $47.65.

Analysts Set New Price Targets

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 MarketBeat, the stock currently has a consensus rating of “Hold”.

Standard Chartered Stock Up 6.0%

The stock has a 50 day moving average of $49.78 and a 200 day moving average of $48.30.

Standard Chartered Company Profile

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.