Standard Chartered (OTCMKTS:SCBFY) Hits New 1-Year High – What’s Next?

Standard Chartered PLC (OTCMKTS:SCBFY)’s share price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $60.9625 and last traded at $60.7740, with a volume of 2790 shares traded. The stock had previously closed at $60.27.

Analyst Ratings Changes

Separately, Zacks Research downgraded shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Standard Chartered currently has a consensus rating of “Hold”.

Standard Chartered Trading Down 0.0%

The company has a fifty day moving average price of $55.98 and a 200 day moving average price of $51.11.

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.