November 29, 2016 - By Peter Erickson
Professional analysts at Credit Suisse gave “Underperform” rating on Standard Chartered PLC (ADR) (OTC:SCBFF). The firm has initiated coverage on SCBFFin an analyst report revealed to clients on 29 November.
Out of 8 analysts covering Standard Chartered PLC (ADR) (OTC:SCBFF), 4 rate it a “Buy”, 2 “Sell”, while 2 “Hold”. This means 50% are positive. Standard Chartered PLC (ADR) has been the topic of 10 analyst reports since September 22, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by Bank of America on Wednesday, February 24. The firm has “Buy” rating given on Friday, February 12 by Investec. JP Morgan maintained the shares of SCBFF in a report on Wednesday, September 23 with “Overweight” rating. Investec downgraded the shares of SCBFF in a report on Monday, October 12 to “Hold” rating. The stock has “Neutral” rating given by Citigroup on Thursday, November 5. The stock of STANDARD CHART PLC ORD USD0.50 (OTCMKTS:SCBFF) has “Sell” rating given on Friday, December 18 by Credit Agricole. The firm has “Buy” rating by Berenberg given on Thursday, January 14. The firm earned “Buy” rating on Thursday, October 8 by Goldman Sachs. RBC Capital Markets downgraded the shares of SCBFF in a report on Monday, October 24 to “Underperform” rating. The rating was upgraded by Investec to “Buy” on Tuesday, September 22.
About 4,245 shares traded hands or 48.74% up from the average. STANDARD CHART PLC ORD USD0.50 (OTC:SCBFF) has declined 6.88% since April 26, 2016 and is downtrending. It has underperformed by 12.14% the S&P500.
According to Zacks Investment Research, “Standard Chartered PLC operates as a banking group principally in Asia, Africa, and the Middle East. The bank provides consumer and wholesale banking products and services to individuals, small and medium-sized enterprises (SMEs), corporate, and institutional customers. Services offered by Standard Chartered include: loans and savings accounts, demand drafts, foreign exchange services, credit cards, insurance and investment advisory services. It also provides private and priority banking; international banking; cash management; trade finance and working capital as well as Internet banking services. Standard Chartered PLC is headquartered in London, the United Kingdom.”
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