HSBC (NYSE:HSBC) was upgraded by investment analysts at Santander from a “sell” rating to a “hold” rating in a report released on Tuesday, The Fly reports.
Several other research firms also recently weighed in on HSBC. Goldman Sachs Group reiterated a “neutral” rating on shares of HSBC in a research report on Tuesday, December 5th. JPMorgan Chase & Co. reissued a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. Macquarie initiated coverage on shares of HSBC in a research note on Wednesday, November 29th. They issued an “outperform” rating for the company. Credit Suisse Group cut shares of HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. Finally, UBS Group reissued a “neutral” rating on shares of HSBC in a research note on Monday, December 11th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.50.
HSBC (NYSE:HSBC) opened at $51.58 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94. HSBC has a 52-week low of $39.63 and a 52-week high of $55.89. The firm has a market cap of $213,111.47, a P/E ratio of 36.84, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90.
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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.