Standard Chartered (OTCMKTS:SCBFF) Shares Gap Up – Should You Buy?

Standard Chartered PLC (OTCMKTS:SCBFF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $24.7425, but opened at $26.0975. Standard Chartered shares last traded at $26.0975, with a volume of 240 shares.

Wall Street Analysts Forecast Growth

SCBFF has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods raised Standard Chartered from a “moderate sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Citigroup reaffirmed a “neutral” rating on shares of Standard Chartered in a research report on Friday, May 1st. BNP Paribas Exane raised Standard Chartered to an “outperform” rating in a research report on Tuesday, April 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Standard Chartered in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

Standard Chartered Stock Down 2.2%

The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50. The company has a market capitalization of $57.83 billion, a PE ratio of 12.41 and a beta of 0.68. The stock has a 50-day moving average of $22.99 and a 200 day moving average of $23.25.

Standard Chartered (OTCMKTS:SCBFF) last issued its quarterly earnings results on Thursday, April 30th. The company reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.18. The company had revenue of $5.90 billion during the quarter, compared to the consensus estimate of $5.58 billion. Standard Chartered had a return on equity of 11.07% and a net margin of 13.63%. Sell-side analysts anticipate that Standard Chartered PLC will post 2.26 EPS for the current year.

Standard Chartered Company Profile

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.