HSBC Holdings plc (NYSE:HSBC) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $9.00.
A number of research firms have weighed in on HSBC. ValuEngine upgraded shares of HSBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BNP Paribas cut shares of HSBC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 17th. Deutsche Bank reiterated a “neutral” rating on shares of HSBC in a research note on Friday, February 9th. BidaskClub upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Finally, Morgan Stanley restated a “buy” rating on shares of HSBC in a research note on Tuesday.
HSBC (NYSE:HSBC) traded up $0.08 on Friday, reaching $53.83. 1,681,528 shares of the company’s stock were exchanged, compared to its average volume of 2,180,000. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $213,590.00, a PE ratio of 39.29, a price-to-earnings-growth ratio of 2.45 and a beta of 0.90. HSBC has a 52-week low of $39.63 and a 52-week high of $55.89.
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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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