Hang Seng Bank Ltd. (HSNGY) Rating Increased to Hold at Zacks Investment Research
Hang Seng Bank Ltd. (NASDAQ:HSNGY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “HANG SENG BANK is a world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalisation. In keeping with our name, which means ever-growing in Chinese, we are growing alongside our customers. “
Hang Seng Bank (NASDAQ:HSNGY) remained flat at $18.15 during trading on Wednesday. 16 shares of the company were exchanged. The company’s 50-day moving average price is $17.75 and its 200-day moving average price is $17.52. Hang Seng Bank has a 52-week low of $15.58 and a 52-week high of $19.19. The firm has a market cap of $34.70 billion and a price-to-earnings ratio of 17.78.
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About Hang Seng Bank
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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