UBS Group Upgrades Standard Chartered (OTCMKTS:SCBFF) to Strong-Buy

UBS Group upgraded shares of Standard Chartered (OTCMKTS:SCBFF) to a strong-buy rating in a research report report published on Thursday, Zacks.com reports.

Separately, Berenberg Bank raised shares of Standard Chartered to a strong-buy rating in a report on Tuesday, May 7th.

Standard Chartered Stock Performance

Shares of SCBFF stock opened at $9.40 on Thursday. The firm has a market cap of $24.09 billion, a price-to-earnings ratio of 8.47 and a beta of 0.76. The company’s 50 day moving average is $9.30 and its 200 day moving average is $8.68. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.48. Standard Chartered has a 52-week low of $7.06 and a 52-week high of $10.01.

Standard Chartered (OTCMKTS:SCBFF) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.14. The business had revenue of $5.13 billion for the quarter. Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. On average, sell-side analysts anticipate that Standard Chartered will post 1.66 EPS for the current fiscal year.

About Standard Chartered

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.