Standard Chartered (OTCMKTS:SCBFF) Shares Gap Down - Time to Sell?

Key Points

• Shares gapped down from a prior close of $25.6525 to an open of $23.96 and were last trading around $24.68 (down ~1.1%) on very light volume, suggesting short‑term volatility.
• Standard Chartered beat expectations for the quarter with EPS of $0.72 vs. $0.54 and revenue of $5.90 billion (net margin 13.63%, ROE 11.07%), while the stock trades above its 50‑ and 200‑day moving averages.
• Analysts maintain a consensus of “Moderate Buy” (three Buys, two Holds) amid mixed moves — Zacks cut to Hold, Morgan Stanley remains Overweight and BNP Paribas Exane upgraded to Outperform.

Standard Chartered PLC (OTCMKTS:SCBFF - Get Free Report) shares gapped down before the market opened on Tuesday . The stock had previously closed at $25.6525, but opened at $23.96. Standard Chartered shares last traded at $24.68, with a volume of 428 shares.

Analysts Set New Price Targets

A number of brokerages have recently commented on SCBFF. Zacks Research cut shares of Standard Chartered from a "strong-buy" rating to a "hold" rating in a research report on Monday, January 12th. Morgan Stanley reiterated an "overweight" rating on shares of Standard Chartered in a report on Monday, April 13th. Citigroup reissued a "neutral" rating on shares of Standard Chartered in a research note on Friday. Finally, BNP Paribas Exane raised Standard Chartered to an "outperform" rating in a report on Tuesday, April 14th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

Standard Chartered Trading Down 1.1%

The company has a fifty day moving average of $22.45 and a two-hundred day moving average of $22.67. The stock has a market capitalization of $56.67 billion, a price-to-earnings ratio of 12.16 and a beta of 0.68. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.50.

Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The company reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.54 by $0.18. Standard Chartered had a net margin of 13.63% and a return on equity of 11.07%. The company had revenue of $5.90 billion during the quarter, compared to analysts' expectations of $5.58 billion. On average, research analysts expect that Standard Chartered PLC will post 2.26 EPS for the current year.

Standard Chartered Company Profile

Standard Chartered plc is a British multinational banking and financial services company headquartered in London. The firm traces its modern form to the 1969 merger of the Chartered Bank of India, Australia and China (founded in 1853) and Standard Bank of British South Africa (founded in 1862), creating an international bank with deep historical roots in trade finance and cross-border banking. Standard Chartered maintains a global footprint and a long-standing focus on facilitating trade and capital flows between developed and emerging markets.

Standard Chartered provides a broad range of banking and financial services for corporate, institutional and individual clients.

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