Standard Chartered (OTCMKTS:SCBFF) Reaches New 12-Month High - Still a Buy?

Key Points

• Standard Chartered PLC reached a new 52-week high at $18.85, indicating strong stock performance, with a market cap of $44.10 billion.
• The company reported earnings per share of $0.74 for the last quarter, surpassing the consensus estimate of $0.60 by $0.14.
• Standard Chartered has a debt-to-equity ratio of 1.46 and analysts expect an annual earnings per share of 1.66 for the current year.

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $18.85 and last traded at $18.85, with a volume of 306 shares. The stock had previously closed at $18.69.

Standard Chartered Stock Performance

The stock has a 50 day simple moving average of $16.86 and a 200 day simple moving average of $15.21. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.46. The stock has a market cap of $44.10 billion, a P/E ratio of 10.44 and a beta of 0.77.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.14. The company had revenue of $5.51 billion for the quarter, compared to the consensus estimate of $5.07 billion. Standard Chartered had a return on equity of 10.73% and a net margin of 12.27%. On average, equities analysts expect that Standard Chartered PLC will post 1.66 earnings per share 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.

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