Standard Chartered PLC (OTCMKTS:SCBFF) Given Consensus Recommendation of “Hold” by Brokerages

Standard Chartered PLC (OTCMKTS:SCBFF) has earned an average rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating on the company.

Several brokerages have issued reports on SCBFF. ValuEngine raised shares of Standard Chartered from a “strong sell” rating to a “sell” rating in a research note on Thursday, October 10th. Zacks Investment Research downgraded shares of Standard Chartered from a “hold” rating to a “sell” rating in a research note on Tuesday, August 20th. Societe Generale raised shares of Standard Chartered from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. Finally, Investec raised shares of Standard Chartered from a “sell” rating to a “hold” rating in a research note on Thursday, October 10th.

Shares of OTCMKTS SCBFF opened at $8.85 on Wednesday. The company has a market cap of $27.01 billion, a P/E ratio of 14.51 and a beta of 1.37. Standard Chartered has a 1 year low of $6.64 and a 1 year high of $9.55. The firm has a 50-day simple moving average of $8.26 and a two-hundred day simple moving average of $8.46.

Standard Chartered Company Profile

Standard Chartered PLC., together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, and the Middle East. The company operates through Corporate & Institutional Banking, Retail banking, Commercial Banking, and Private Banking segments. It offers retail products, such as deposits, savings, mortgages, credit cards, and personal loans; wealth management that include investments, portfolio management, insurance and advices, and planning services; and transaction banking services, such as cash management, payments and transactions, securities services, and trade financing products.

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Analyst Recommendations for Standard Chartered (OTCMKTS:SCBFF)

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