HSBC (HSBC) Lowered to “Buy” at ValuEngine

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.

How to Become a New Pot Stock Millionaire

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.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of HSBC by 1.4% during the fourth quarter. Ferguson Wellman Capital Management Inc. now owns 67,753 shares of the financial services provider’s stock worth $3,499,000 after purchasing an additional 903 shares during the period. Bessemer Group Inc. lifted its holdings in shares of HSBC by 60.2% during the fourth quarter. Bessemer Group Inc. now owns 2,846 shares of the financial services provider’s stock worth $147,000 after purchasing an additional 1,070 shares during the period. Signaturefd LLC lifted its holdings in shares of HSBC by 11.2% during the fourth quarter. Signaturefd LLC now owns 11,611 shares of the financial services provider’s stock worth $600,000 after purchasing an additional 1,171 shares during the period. Ballentine Partners LLC lifted its holdings in shares of HSBC by 19.8% during the fourth quarter. Ballentine Partners LLC now owns 7,988 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 1,321 shares during the period. Finally, Jefferies Group LLC lifted its holdings in shares of HSBC by 13.6% during the fourth quarter. Jefferies Group LLC now owns 11,072 shares of the financial services provider’s stock worth $572,000 after purchasing an additional 1,327 shares during the period. 2.41% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY WARNING: “HSBC (HSBC) Lowered to “Buy” at ValuEngine” was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this story on another site, it was copied illegally and republished in violation of US & international trademark & copyright law. The correct version of this story can be read at https://www.tickerreport.com/banking-finance/3337945/hsbc-hsbc-lowered-to-buy-at-valuengine.html.

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.

Analyst Recommendations for HSBC (NYSE:HSBC)

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Obsidian  Tops 24-Hour Volume of $39,920.00
Obsidian Tops 24-Hour Volume of $39,920.00
Waves Community Token Reaches Market Capitalization of $11.18 Million
Waves Community Token Reaches Market Capitalization of $11.18 Million
$72.27 Million in Sales Expected for Regional Management  This Quarter
$72.27 Million in Sales Expected for Regional Management This Quarter
ManpowerGroup  Stock Price Down 14.5%
ManpowerGroup Stock Price Down 14.5%
TEGNA  Trading Down 5.1%
TEGNA Trading Down 5.1%
OpGen   Shares Down 6%
OpGen Shares Down 6%


Leave a Reply

© 2006-2018 Ticker Report. Google+.