Hang Seng Bank Ltd. (NASDAQ:HSNGY) has received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating.
Brokerages have set a twelve-month consensus price objective of $18.04 for the company, according to Zacks. Zacks has also given Hang Seng Bank an industry rank of 48 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research cut shares of Hang Seng Bank from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 4th.
Hang Seng Bank (NASDAQ:HSNGY) traded down 0.60% during midday trading on Monday, reaching $18.10. The company’s stock had a trading volume of 100 shares. Hang Seng Bank has a 52-week low of $15.58 and a 52-week high of $19.19. The stock has a market capitalization of $34.60 billion and a price-to-earnings ratio of 17.73. The firm has a 50-day moving average price of $17.88 and a 200 day moving average price of $17.56.
Hang Seng Bank Company Profile
Hang Seng Bank Limited (the Bank) is engaged in the provision of banking and related financial services. The Bank operates through four segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Other. Retail Banking and Wealth Management segment offers a range of products and services to meet the personal banking, consumer lending and wealth management needs of individual customers.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hang Seng Bank Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hang Seng Bank Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.