Standard Chartered (OTCMKTS:SCBFY) Shares Gap Up – Should You Buy?

Standard Chartered PLC (OTCMKTS:SCBFY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $47.65, but opened at $51.57. Standard Chartered shares last traded at $51.31, with a volume of 1,344 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Standard Chartered to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

Standard Chartered Stock Up 1.7%

The firm’s fifty day moving average is $49.96 and its two-hundred day moving average is $48.37.

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.