Standard Chartered (OTCMKTS:SCBFF) Rating Increased to Hold at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods upgraded shares of Standard Chartered (OTCMKTS:SCBFF) from a moderate sell rating to a hold rating in a research note released on Wednesday morning,Zacks.com reports.

Several other analysts have also commented on SCBFF. Morgan Stanley reiterated an “overweight” rating on shares of Standard Chartered in a research report on Monday, April 13th. BNP Paribas Exane raised shares of Standard Chartered to an “outperform” rating in a research note on Tuesday, April 14th. Zacks Research downgraded shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Citigroup reissued a “neutral” rating on shares of Standard Chartered in a research note on Friday, May 1st. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Standard Chartered Stock Up 2.7%

SCBFF stock opened at $25.94 on Wednesday. The company’s 50 day simple moving average is $22.50 and its 200-day simple moving average is $22.80. The firm has a market capitalization of $58.97 billion, a PE ratio of 12.65 and a beta of 0.68. Standard Chartered has a 12 month low of $13.97 and a 12 month high of $26.45. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.82 and a quick ratio of 0.82.

Standard Chartered (OTCMKTS:SCBFF) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.54 by $0.18. The business had revenue of $5.90 billion for the quarter, compared to analyst estimates of $5.58 billion. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. Equities analysts expect that Standard Chartered will post 2.26 earnings per share for the current fiscal 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.