Standard Chartered (OTCMKTS:SCBFY – Get Free Report) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
Standard Chartered Price Performance
OTCMKTS SCBFY opened at $56.15 on Monday. The company’s 50-day simple moving average is $54.71 and its two-hundred day simple moving average is $50.35. Standard Chartered has a one year low of $34.97 and a one year high of $58.20.
About Standard Chartered
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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