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.
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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.
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