ValuEngine downgraded shares of HSBC (NYSE:HSBC) from a strong-buy rating to a buy rating in a report published on Tuesday.
Other equities analysts have also issued reports about the stock. Morgan Stanley restated a buy rating on shares of HSBC in a research report on Tuesday, February 13th. Santander upgraded shares of HSBC from a sell rating to a hold rating in a research report on Tuesday, February 6th. Societe Generale lowered shares of HSBC from a buy rating to a hold rating in a research report on Wednesday, February 21st. JPMorgan Chase restated a neutral rating on shares of HSBC in a research report on Monday, March 19th. Finally, Deutsche Bank restated a neutral rating on shares of HSBC in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $31.50.
Shares of HSBC opened at $47.17 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $191,065.89, a PE ratio of 45.36, a price-to-earnings-growth ratio of 2.13 and a beta of 0.96. HSBC has a 12-month low of $39.63 and a 12-month high of $55.89.
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HSBC Company Profile
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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