Standard Chartered (OTCMKTS:SCBFF) Sets New 1-Year High – Here’s Why

Standard Chartered PLC (OTCMKTS:SCBFF) reached a new 52-week high on Thursday . The company 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.

Wall Street Analyst Weigh In

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

Standard Chartered Price Performance

The company has a 50 day simple moving average of $12.81 and a 200-day simple moving average of $11.43. The stock has a market cap of $35.05 billion, a price-to-earnings ratio of 12.86 and a beta of 0.75. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.48.

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.