Goldman Sachs Group Reaffirms Neutral Rating for HSBC (HSBC)
HSBC (NYSE:HSBC)‘s stock had its “neutral” rating reissued by stock analysts at Goldman Sachs Group in a report released on Tuesday.
Other equities analysts also recently issued research reports about the stock. BidaskClub downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research note on Saturday, August 12th. Morgan Stanley reissued a “buy” rating on shares of HSBC in a research note on Wednesday, August 16th. Zacks Investment Research downgraded shares of HSBC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. Jefferies Group initiated coverage on shares of HSBC in a research note on Monday, September 4th. They issued a “buy” rating for the company. Finally, Canaccord Genuity reissued a “hold” rating and issued a $9.00 price objective on shares of HSBC in a research note on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. HSBC has a consensus rating of “Hold” and a consensus target price of $31.50.
Shares of HSBC (NYSE HSBC) traded down $0.26 during midday trading on Tuesday, reaching $49.08. The company’s stock had a trading volume of 1,151,586 shares, compared to its average volume of 1,631,334. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30. HSBC has a 52 week low of $39.58 and a 52 week high of $50.86. The company has a market capitalization of $198,186.28, a PE ratio of 24.91, a P/E/G ratio of 2.58 and a beta of 0.93.
HSBC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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