Standard Chartered (OTCMKTS:SCBFF) Trading Up 0.4% – Still a Buy?

Standard Chartered PLC (OTCMKTS:SCBFF)’s stock price was up 0.4% during mid-day trading on Thursday . The company traded as high as $13.37 and last traded at $13.36. Approximately 13,226 shares changed hands during trading, an increase of 269% from the average daily volume of 3,584 shares. The stock had previously closed at $13.31.

Analysts Set New Price Targets

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

Standard Chartered Stock Performance

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 company’s 50-day moving average is $12.59 and its two-hundred day moving average is $11.17. The stock has a market capitalization of $32.79 billion, a P/E ratio of 12.04 and a beta of 0.75.

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.