Standard Chartered (OTCMKTS:SCBFF) Shares Gap Up – Time to Buy?

Standard Chartered PLC (OTCMKTS:SCBFF) gapped up before the market opened on Friday . The stock had previously closed at $24.20, but opened at $26.05. Standard Chartered shares last traded at $25.1675, with a volume of 507 shares changing hands.

Analysts Set New Price Targets

SCBFF has been the subject of several research reports. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a report on Friday, May 1st. BNP Paribas Exane raised Standard Chartered to an “outperform” rating in a report on Tuesday, April 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a report on Wednesday, May 13th. Finally, Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a report on Wednesday, May 6th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Standard Chartered currently has an average rating of “Moderate Buy”.

Standard Chartered Stock Up 3.6%

The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50. The company has a market cap of $58.80 billion, a PE ratio of 12.62 and a beta of 0.68. The stock has a 50-day moving average of $24.56 and a 200-day moving average of $23.79.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.18. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%.The company had revenue of $5.90 billion for the quarter, compared to the consensus estimate of $5.58 billion. Sell-side analysts predict that Standard Chartered PLC will post 2.26 earnings per share 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.