Standard Chartered (OTCMKTS:SCBFF) Downgraded by The Goldman Sachs Group to Hold

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

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

Standard Chartered Stock Performance

Shares of OTCMKTS:SCBFF opened at $11.55 on Friday. Standard Chartered has a 52 week low of $7.06 and a 52 week high of $11.65. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.48. The firm has a fifty day simple moving average of $10.44 and a two-hundred day simple moving average of $9.68. The stock has a market capitalization of $29.60 billion, a P/E ratio of 7.70 and a beta of 0.73.

Standard Chartered Announces Dividend

The business also recently announced a dividend, which was paid on Thursday, October 10th. Investors of record on Friday, August 9th were issued a $0.09 dividend. The ex-dividend date was Thursday, August 8th. This represents a yield of 1.05%. Standard Chartered’s dividend payout ratio (DPR) 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.