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.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HSBC. Bronfman E.L. Rothschild L.P. lifted its stake in HSBC by 16.0% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,208 shares of the financial services provider’s stock valued at $102,000 after buying an additional 304 shares in the last quarter. LS Investment Advisors LLC boosted its position in HSBC by 2.6% in the 2nd quarter. LS Investment Advisors LLC now owns 2,338 shares of the financial services provider’s stock valued at $108,000 after buying an additional 59 shares during the period. Tower Research Capital LLC TRC boosted its position in HSBC by 89.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock valued at $112,000 after buying an additional 1,139 shares during the period. UBS Asset Management Americas Inc. boosted its position in HSBC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock valued at $115,000 after buying an additional 43 shares during the period. Finally, Fieldpoint Private Securities LLC purchased a new position in HSBC in the 3rd quarter valued at approximately $127,000. 2.25% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for HSBC (NYSE:HSBC)

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