Standard Chartered PLC (OTCMKTS:SCBFF) Given Consensus Rating of “Hold” by Analysts

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

A number of research firms have issued reports on SCBFF. Societe Generale cut shares of RECKITT BENCKIS/S from a “buy” rating to a “sell” rating in a research note on Tuesday, July 2nd. Investec reiterated a “sell” rating on shares of Standard Chartered in a research note on Thursday, June 27th. Zacks Investment Research upgraded shares of Hallmark Financial Services from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Friday. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, HSBC reiterated a “reduce” rating on shares of Standard Chartered in a research note on Wednesday, May 1st.

Shares of SCBFF stock traded up $0.05 during trading on Monday, hitting $8.91. 556 shares of the company were exchanged, compared to its average volume of 8,173. The company has a market capitalization of $29.40 billion, a price-to-earnings ratio of 14.60 and a beta of 1.30. The business’s 50-day moving average is $8.88. Standard Chartered has a twelve month low of $6.64 and a twelve month high of $9.55.

About Standard Chartered

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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