Deutsche Bank Reiterates “Hold” Rating for HSBC (HBC)
HSBC (NYSE:HBC)‘s stock had its “hold” rating reiterated by Deutsche Bank in a research note issued on Monday, Stock Ratings Network reports.
HSBC (NYSE:HBC) traded up 0.25% during mid-day trading on Monday, hitting $55.28. 713,764 shares of the company’s stock traded hands. HSBC has a one year low of $46.13 and a one year high of $58.71. The stock has a 50-day moving average of $54.97 and a 200-day moving average of $54.58. The company has a market cap of $201.8 billion and a price-to-earnings ratio of 13.24.
A number of other firms have also recently commented on HBC. Analysts at Zacks reiterated a “neutral” rating on shares of HSBC (NYSE:HBC) in a research note to investors on Friday. They now have a $59.00 price target on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC (NYSE:HBC) in a research note to investors on Thursday. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC (NYSE:HBC) in a research note to investors on Monday, September 16th.
One equities research analyst has rated the stock with a sell rating, twelve have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. HSBC presently has an average rating of “Buy” and an average target price of $583.00.
HSBC Holdings plc is a banking and financial services organization. It serves around 89 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking.
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