HANG SENG BK LT/S (HSNGY) Rating Increased to Buy at UBS Group

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HANG SENG BK LT/S (OTCMKTS:HSNGY) was upgraded by UBS Group from a “neutral” rating to a “buy” rating in a research report issued on Friday, www.briefing.com reports.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research raised shares of HANG SENG BK LT/S from a “sell” rating to a “buy” rating and set a $27.00 price target for the company in a report on Wednesday, March 6th. Goldman Sachs Group downgraded shares of HANG SENG BK LT/S from a “buy” rating to a “neutral” rating in a report on Thursday, January 17th.

Shares of HANG SENG BK LT/S stock opened at $24.23 on Friday. HANG SENG BK LT/S has a fifty-two week low of $21.13 and a fifty-two week high of $27.76. The firm has a market capitalization of $46.67 billion, a price-to-earnings ratio of 15.24, a P/E/G ratio of 7.93 and a beta of 0.75.

HANG SENG BK LT/S Company Profile

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprise, and institutional customers in Hong Kong, Mainland China, and internationally. It operates through four segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Other.

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