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HSBC Holdings plc (NASDAQ:HSBC) was downgraded by stock analysts at HSBC from an “overweight” rating to an “underweight” rating in a report issued on Friday, Analyst Ratings Net reports.

Shares of HSBC Holdings plc (NASDAQ:HSBC) opened at 51.67 on Friday. HSBC Holdings plc has a 52-week low of $48.86 and a 52-week high of $58.71. The stock’s 50-day moving average is $51.01 and its 200-day moving average is $53.52. The company has a market cap of $193.7 billion and a price-to-earnings ratio of 12.23.

Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of HSBC Holdings plc from a “neutral” rating to an “underperform” rating in a research note on Monday, April 14th. They now have a $47.00 price target on the stock. Separately, analysts at UBS AG downgraded shares of HSBC Holdings plc from an “outperform” rating to an “underperform” rating in a research note on Wednesday, March 19th. Finally, analysts at Credit Suisse downgraded shares of HSBC Holdings plc from an “outperform” rating to an “underperform” rating in a research note on Wednesday, March 19th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $47.00.

HSBC Holdings plc (NASDAQ:HSBC) is a global banking and financial services organizations.

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