Standard Chartered (OTCMKTS:SCBFF) Reaches New 1-Year High – What’s Next?

Standard Chartered PLC (OTCMKTS:SCBFF)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $14.50 and last traded at $14.28, with a volume of 2298 shares. The stock had previously closed at $14.38.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group cut shares of Standard Chartered from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 3rd.

Standard Chartered Trading Up 5.1 %

The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84. The company’s fifty day moving average is $12.89 and its 200-day moving average is $11.50. The stock has a market cap of $36.83 billion, a PE ratio of 13.52 and a beta of 0.75.

Standard Chartered (OTCMKTS:SCBFF) last issued its earnings results on Friday, February 21st. The company reported $0.28 earnings per share (EPS) for the quarter. The firm had revenue of $4.80 billion during the quarter. Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. On average, analysts predict that Standard Chartered PLC will post 1.66 earnings per share 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.