Standard Chartered (OTCMKTS:SCBFF) Rating Lowered to Hold at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Standard Chartered (OTCMKTS:SCBFF) from a strong-buy rating to a hold rating in a research report released on Sunday morning, Zacks.com reports.

Separately, UBS Group raised Standard Chartered to a “strong-buy” rating in a research note on Thursday, August 1st.

Standard Chartered Price Performance

Shares of OTCMKTS SCBFF opened at $11.55 on Friday. Standard Chartered has a 1 year low of $7.06 and a 1 year high of $11.65. The firm’s 50-day moving average is $10.47 and its 200-day moving average is $9.69. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.48. The firm has a market capitalization of $29.60 billion, a PE ratio of 7.70 and a beta of 0.73.

Standard Chartered (OTCMKTS:SCBFF) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.06). The business had revenue of $4.95 billion during the quarter, compared to the consensus estimate of $4.82 billion. Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. Equities analysts expect that Standard Chartered will post 1.66 EPS for the current 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.