Standard Chartered PLC (OTCMKTS:SCBFF) Given Average Rating of “Moderate Buy” by Analysts

Standard Chartered PLC (OTCMKTS:SCBFF) has been assigned a consensus rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company.

A number of research firms have weighed in on SCBFF. Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, July 8th. UBS Group cut Standard Chartered from a “buy” rating to a “hold” rating in a research note on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft upgraded Standard Chartered from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Keefe, Bruyette & Woods upgraded Standard Chartered from a “hold” rating to a “moderate buy” rating in a research report on Monday. Finally, Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research note on Thursday, July 16th.

Institutional Trading of Standard Chartered

A hedge fund recently raised its stake in Standard Chartered stock. Madison Asset Management LLC increased its position in Standard Chartered PLC (OTCMKTS:SCBFF) by 13.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,447 shares of the company’s stock after purchasing an additional 5,154 shares during the quarter. Madison Asset Management LLC’s holdings in Standard Chartered were worth $2,313,000 as of its most recent SEC filing.

Standard Chartered Trading Up 2.5%

SCBFF stock opened at $30.71 on Friday. The firm has a fifty day moving average price of $29.21 and a 200 day moving average price of $26.01. Standard Chartered has a fifty-two week low of $18.03 and a fifty-two week high of $31.40. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.82 and a current ratio of 0.84. The firm has a market cap of $69.82 billion, a PE ratio of 14.61 and a beta of 0.69.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings data on Wednesday, July 29th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.09. The business had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.59 billion. Standard Chartered had a net margin of 13.79% and a return on equity of 10.84%. Sell-side analysts anticipate that Standard Chartered will post 2.44 earnings per share for the current fiscal year.

Standard Chartered Company Profile

Standard Chartered PLC is an international banking group headquartered in London. The company provides financial services to individuals, businesses, financial institutions and governments through operations spanning Asia, Africa, the Middle East, the United Kingdom and the Americas.

Its principal activities include corporate, commercial and institutional banking, retail banking, private banking and wealth management. Standard Chartered offers lending, trade finance, transaction banking, foreign exchange, investment banking, capital markets, cash management and investment products, along with personal banking services such as deposits, mortgages, credit cards and other forms of consumer finance in selected markets.

Standard Chartered traces its history to the formation of Chartered Bank of India, Australia and China in 1853 and the Standard Bank of British South Africa in 1862.