The Goldman Sachs Group lowered shares of Standard Chartered (OTCMKTS:SCBFF - Free Report) from a strong-buy rating to a hold rating in a research note published on Sunday, Zacks.com reports.
Separately, UBS Group upgraded Standard Chartered to a "strong-buy" rating in a report on Thursday, August 1st.
Get Our Latest Stock Analysis on SCBFF
Standard Chartered Stock Performance
Shares of Standard Chartered stock remained flat at $11.55 during trading hours on Friday. Standard Chartered has a 1-year low of $7.06 and a 1-year high of $11.65. The stock has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $9.69. The stock has a market capitalization of $29.60 billion, a price-to-earnings ratio of 7.70 and a beta of 0.73. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.84 and a current ratio of 0.84.
Standard Chartered (OTCMKTS:SCBFF - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.06). Standard Chartered had a net margin of 8.56% and a return on equity of 8.80%. The business had revenue of $4.95 billion during the quarter, compared to analyst estimates of $4.82 billion. On average, equities analysts forecast that Standard Chartered will post 1.66 earnings per share for the current fiscal year.
Standard Chartered Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Thursday, October 10th. Stockholders of record on Friday, August 9th were issued a $0.09 dividend. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 1.05%. Standard Chartered's payout ratio is currently 12.00%.
About Standard Chartered
(
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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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