Standard Chartered (OTCMKTS:SCBFF) Hits New 1-Year High – Here’s Why

Standard Chartered PLC (OTCMKTS:SCBFF) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $14.50 and last traded at $14.28, with a volume of 2298 shares changing hands. The stock had previously closed at $14.38.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group lowered shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 3rd.

Standard Chartered Trading Up 5.1 %

The company’s 50-day moving average price is $12.89 and its 200-day moving average price is $11.50. The firm has a market cap of $36.83 billion, a price-to-earnings ratio of 13.52 and a beta of 0.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.48.

Standard Chartered (OTCMKTS:SCBFF) last announced its earnings results on Friday, February 21st. The company reported $0.28 earnings per share (EPS) for the quarter. Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. The business had revenue of $4.80 billion for the quarter. Equities analysts expect that Standard Chartered PLC will post 1.66 EPS for the current fiscal year.

About Standard Chartered

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas. The company operates in three segments: Corporate, Commercial & Institutional Banking; Consumer, Private & Business Banking; and Ventures.