Standard Chartered PLC Forecasted to Earn FY2022 Earnings of $1.11 Per Share (OTCMKTS:SCBFF)

Standard Chartered PLC (OTCMKTS:SCBFFGet Rating) – Analysts at Jefferies Financial Group upped their FY2022 earnings per share (EPS) estimates for Standard Chartered in a research report issued on Wednesday, June 8th. Jefferies Financial Group analyst J. Dickerson now anticipates that the company will post earnings per share of $1.11 for the year, up from their prior estimate of $1.01. Jefferies Financial Group also issued estimates for Standard Chartered’s FY2023 earnings at $1.35 EPS.

Several other equities research analysts also recently commented on the stock. UBS Group upped their price objective on shares of Standard Chartered from GBX 580 ($7.27) to GBX 690 ($8.65) in a report on Tuesday, February 22nd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Standard Chartered from GBX 610 ($7.64) to GBX 620 ($7.77) in a report on Thursday, March 17th. Credit Suisse Group upped their price objective on shares of Standard Chartered from GBX 460 ($5.76) to GBX 510 ($6.39) in a report on Friday, April 29th. Barclays reaffirmed a “buy” rating and set a $610.00 price objective on shares of Standard Chartered in a report on Tuesday, April 5th. Finally, Zacks Investment Research raised shares of Standard Chartered from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a report on Wednesday.

SCBFF opened at $7.96 on Friday. The firm has a 50-day moving average of $7.06 and a 200 day moving average of $6.75. 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 has a fifty-two week low of $5.41 and a fifty-two week high of $8.12.

About Standard Chartered (Get Rating)

Standard Chartered PLC, together with its subsidiaries, provides various banking products and services primarily in Asia, Africa, Europe, the Americas, and the Middle East. The company operates through two segments: Corporate, Commercial and Institutional Banking; and Consumer, Private and Business Banking.

Recommended Stories

Earnings History and Estimates for Standard Chartered (OTCMKTS:SCBFF)

Want More Great Investing Ideas?

Receive News & Ratings for Standard Chartered Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Standard Chartered and related companies with MarketBeat.com's FREE daily email newsletter.