HSBC Lowered to Underweight at Santander (HBC)
HSBC (NYSE:HBC) was downgraded by analysts at Santander to an “underweight” rating in a research report issued to clients and investors on Friday, ARN reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC (NYSE:HBC) in a research note to investors on Monday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of HSBC (NYSE:HBC) in a research note to investors on Friday, September 20th. They now have a $59.00 price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC (NYSE:HBC) in a research note to investors on Thursday, September 19th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $583.00.
Shares of HSBC (NYSE:HBC) traded down 0.33% during mid-day trading on Friday, hitting $54.79. The stock had a trading volume of 1,033,296 shares. HSBC has a 52-week low of $46.83 and a 52-week high of $58.71. The stock’s 50-day moving average is $54.91 and its 200-day moving average is $54.61. The company has a market cap of $200.0 billion and a price-to-earnings ratio of 13.20.
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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