Standard Chartered (OTCMKTS:SCBFF) Reaches New 12-Month High – Still a Buy?

Standard Chartered PLC (OTCMKTS:SCBFF)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $24.03 and last traded at $23.53, with a volume of 7191 shares traded. The stock had previously closed at $23.4450.

Analyst Ratings Changes

Several equities analysts recently weighed in on SCBFF shares. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research report on Monday, November 3rd. The Goldman Sachs Group upgraded shares of Standard Chartered from a “hold” rating to a “buy” rating in a research note on Thursday. Morgan Stanley raised shares of Standard Chartered from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 24th. Finally, Zacks Research upgraded shares of Standard Chartered from a “hold” rating to a “strong-buy” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Standard Chartered Stock Performance

The stock has a market cap of $53.49 billion, a P/E ratio of 12.52 and a beta of 0.54. The firm has a 50 day moving average of $20.63 and a two-hundred day moving average of $18.78.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.06. Standard Chartered had a return on equity of 10.88% and a net margin of 12.84%.The company had revenue of $5.15 billion during the quarter, compared to analyst estimates of $4.97 billion. On average, sell-side analysts anticipate that Standard Chartered PLC will post 1.66 EPS for the current fiscal year.

Standard Chartered Company Profile

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.