Standard Chartered PLC (OTCMKTS:SCBFY – Get Rating) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totalling 80,100 shares, a growth of 184.0% from the April 30th total of 28,200 shares. Based on an average trading volume of 406,700 shares, the short-interest ratio is currently 0.2 days.
SCBFY has been the topic of a number of analyst reports. Investec cut Standard Chartered from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. JPMorgan Chase & Co. raised their target price on Standard Chartered from GBX 690 ($8.68) to GBX 730 ($9.19) in a research report on Thursday, May 19th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Standard Chartered from GBX 620 ($7.80) to GBX 800 ($10.07) in a research note on Tuesday, May 3rd. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $675.00.
SCBFY traded up $0.09 during trading on Friday, reaching $16.13. The company’s stock had a trading volume of 6,121 shares, compared to its average volume of 77,322. The firm has a fifty day simple moving average of $13.92 and a two-hundred day simple moving average of $13.46. Standard Chartered has a 1 year low of $10.88 and a 1 year high of $16.33.
Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.
- Get a free copy of the StockNews.com research report on Standard Chartered (SCBFY)
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