HSBC Upgrades HSBC Holdings plc to “Buy” (HSBC)
HSBC Holdings plc (NASDAQ:HSBC) was upgraded by equities research analysts at HSBC from a “neutral” rating to a “buy” rating in a research note issued to investors on Monday, StockRatingsNetwork reports.
A number of other analysts have also recently weighed in on HSBC. Analysts at Zacks reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note to investors on Tuesday, December 24th. They now have a $57.00 price target on the stock. Analysts at Nomura downgraded shares of HSBC Holdings plc from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, December 3rd.
HSBC Holdings plc (NASDAQ:HSBC) traded up 0.96% during mid-day trading on Monday, hitting $54.61. 163,605 shares of the company’s stock traded hands. HSBC Holdings plc has a 52-week low of $50.38 and a 52-week high of $58.71. The stock’s 50-day moving average is $54.70 and its 200-day moving average is $54.81. The company has a market cap of $218.4 billion and a P/E ratio of 12.51.
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