HSBC has been the topic of a number of other reports. Keefe, Bruyette & Woods cut HSBC from an “outperform” rating to a “market perform” rating in a research note on Friday, January 25th. Citigroup cut shares of HSBC from a “buy” rating to a “neutral” rating in a research note on Monday, October 22nd. Zacks Investment Research cut shares of HSBC from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Edward Jones cut shares of HSBC from a “hold” rating to a “sell” rating in a research note on Wednesday, December 19th. Finally, Barclays cut shares of HSBC from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, January 8th. Eight analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has an average rating of “Sell” and a consensus target price of $47.00.
HSBC stock traded down $1.28 during mid-day trading on Tuesday, reaching $41.52. The company had a trading volume of 6,897,430 shares, compared to its average volume of 1,760,685. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.42. HSBC has a one year low of $38.23 and a one year high of $54.15.
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.
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