Zacks: Hang Seng Bank Ltd. (NASDAQ:HSNGY) Given $18.04 Consensus Target Price by Analysts
Shares of Hang Seng Bank Ltd. (NASDAQ:HSNGY) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold rating.
Analysts have set a twelve-month consensus price target of $18.04 for the company, according to Zacks. Zacks has also assigned Hang Seng Bank an industry rank of 68 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered Hang Seng Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 4th.
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Shares of Hang Seng Bank (NASDAQ:HSNGY) remained flat at $18.00 during midday trading on Tuesday. The company had a trading volume of 17 shares. The firm’s 50 day moving average price is $17.52 and its 200-day moving average price is $17.43. The firm has a market capitalization of $34.41 billion and a P/E ratio of 17.63. Hang Seng Bank has a 12-month low of $15.58 and a 12-month high of $19.19.
Hang Seng Bank Company Profile
Hang Seng Bank Limited (the Bank) is engaged in the provision of banking and related financial services. The Bank operates through four segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Other. Retail Banking and Wealth Management segment offers a range of products and services to meet the personal banking, consumer lending and wealth management needs of individual customers.
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