Standard Chartered (OTCMKTS:SCBFF) Shares Down 0.8% - What's Next?

Key Points

• Standard Chartered's share price declined by 0.8% to $18.51, with trading volume falling 39% from the average.
• Citigroup reissued a "neutral" rating on the stock, which currently holds a consensus rating of "Hold" according to MarketBeat.com.
• The company's recent earnings report showed $0.74 earnings per share, exceeding estimates, with revenue of $5.51 billion for the quarter.

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report)'s share price traded down 0.8% on Monday . The stock traded as low as $18.51 and last traded at $18.51. 2,111 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 3,444 shares. The stock had previously closed at $18.66.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a "neutral" rating on shares of Standard Chartered in a research note on Monday, September 22nd. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Standard Chartered currently has a consensus rating of "Hold".

Standard Chartered Stock Performance

The stock has a 50 day moving average of $19.00 and a two-hundred day moving average of $16.83. The stock has a market cap of $43.19 billion, a PE ratio of 10.23 and a beta of 0.74.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.14. Standard Chartered had a return on equity of 10.73% and a net margin of 12.27%.The firm had revenue of $5.51 billion during the quarter, compared to analysts' expectations of $5.07 billion. Analysts expect that Standard Chartered PLC will post 1.66 EPS for the current fiscal year.

Standard Chartered Company Profile

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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