Standard Chartered (OTCMKTS:SCBFF) Sees Unusually-High Trading Volume – Here’s Why
by Scott Moore · The Cerbat GemShares of Standard Chartered PLC (OTCMKTS:SCBFF – Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 12,573 shares were traded during trading, an increase of 56% from the previous session’s volume of 8,045 shares.The stock last traded at $24.75 and had previously closed at $24.9075.
Analysts Set New Price Targets
Several equities analysts have commented on the company. Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research report on Friday, January 9th. Morgan Stanley reissued an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, January 14th. The Goldman Sachs Group upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a report on Thursday, December 11th. Finally, Zacks Research downgraded Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Monday, January 12th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.
Check Out Our Latest Research Report on Standard Chartered
Standard Chartered Trading Down 3.1%
The company’s 50 day simple moving average is $23.00 and its 200-day simple moving average is $20.28. The firm has a market cap of $55.61 billion, a P/E ratio of 13.01 and a beta of 0.53.
Standard Chartered (OTCMKTS:SCBFF – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.06. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.97 billion. Standard Chartered had a net margin of 12.84% and a return on equity of 10.88%. On average, sell-side analysts anticipate that Standard Chartered PLC will post 1.66 earnings per share for the current year.
About Standard Chartered
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.