Standard Chartered (OTCMKTS:SCBFY) Hits New 1-Year High – Here’s Why

Standard Chartered PLC (OTCMKTS:SCBFYGet Free Report)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $53.40 and last traded at $53.40, with a volume of 57310 shares changing hands. The stock had previously closed at $52.87.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on Standard Chartered

Standard Chartered Stock Performance

The company’s 50 day moving average is $46.63 and its two-hundred day moving average is $47.17.

Standard Chartered Company Profile

(Get Free Report)

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.

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