HSBC (NYSE:HSBC) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Saturday, November 11th.
Several other research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Canaccord Genuity reissued a “hold” rating and set a $9.00 price objective on shares of HSBC in a report on Tuesday, September 5th. Credit Suisse Group cut HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. Jefferies Group began coverage on HSBC in a research note on Monday, September 4th. They issued a “buy” rating for the company. Finally, Morgan Stanley reissued a “buy” rating on shares of HSBC in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company’s stock. HSBC currently has an average rating of “Hold” and a consensus price target of $31.50.
Shares of HSBC (HSBC) traded down $0.14 during mid-day trading on Friday, reaching $49.65. 1,995,983 shares of the company were exchanged, compared to its average volume of 1,634,718. HSBC has a fifty-two week low of $39.14 and a fifty-two week high of $50.86. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94. The company has a market capitalization of $198,650.00, a price-to-earnings ratio of 25.04, a P/E/G ratio of 2.60 and a beta of 0.93.
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HSBC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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