HSBC (HSBC) Earns Neutral Rating from Deutsche Bank

HSBC (NYSE:HSBC)‘s stock had its “neutral” rating reissued by research analysts at Deutsche Bank in a note issued to investors on Friday.

A number of other research firms have also weighed in on HSBC. Goldman Sachs Group reaffirmed a “neutral” rating on shares of HSBC in a report on Tuesday, December 5th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of HSBC in a report on Friday, November 24th. Macquarie initiated coverage on shares of HSBC in a report on Wednesday, November 29th. They set an “outperform” rating for the company. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a report on Monday, December 11th. Finally, BidaskClub lowered shares of HSBC from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.50.

HSBC (NYSE:HSBC) traded up $0.10 on Friday, reaching $50.95. 670,106 shares of the company were exchanged, compared to its average volume of 2,132,034. The firm has a market cap of $203,610.00, a price-to-earnings ratio of 37.17, a price-to-earnings-growth ratio of 2.36 and a beta of 0.90. HSBC has a 1-year low of $39.63 and a 1-year high of $55.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Harding Loevner LP boosted its stake in HSBC by 4,384.0% during the 3rd quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock valued at $17,392,000 after acquiring an additional 95,924,743 shares during the last quarter. Fisher Asset Management LLC boosted its stake in HSBC by 3.0% during the 4th quarter. Fisher Asset Management LLC now owns 14,236,686 shares of the financial services provider’s stock valued at $735,182,000 after acquiring an additional 411,768 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in HSBC by 0.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 13,310,658 shares of the financial services provider’s stock valued at $617,481,000 after acquiring an additional 99,537 shares during the last quarter. Finally, Cambiar Investors LLC boosted its stake in HSBC by 1.3% during the 1st quarter. Cambiar Investors LLC now owns 6,581,634 shares of the financial services provider’s stock valued at $268,662,000 after acquiring an additional 86,829 shares during the last quarter. Hedge funds and other institutional investors own 2.27% of the company’s stock.

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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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