Standard Chartered (OTCMKTS:SCBFF) Cut to “Hold” at The Goldman Sachs Group

The Goldman Sachs Group cut shares of Standard Chartered (OTCMKTS:SCBFF) from a strong-buy rating to a hold rating in a report published on Sunday, Zacks.com reports.

Separately, UBS Group raised shares of Standard Chartered to a “strong-buy” rating in a report on Thursday, August 1st.

Standard Chartered Price Performance

SCBFF stock opened at $11.55 on Friday. Standard Chartered has a fifty-two week low of $7.06 and a fifty-two week high of $11.65. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.84 and a quick ratio of 0.84. 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 business’s fifty day moving average price is $10.44 and its two-hundred day moving average price is $9.68.

Standard Chartered Announces Dividend

The company also recently announced a dividend, which was paid on Thursday, October 10th. Stockholders of record on Friday, August 9th were given a $0.09 dividend. This represents a dividend yield of 1.05%. The ex-dividend date was Thursday, August 8th. Standard Chartered’s payout ratio is presently 12.00%.

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.