HSBC Holdings plc (HSBC) Receives Consensus Rating of “Hold” from Brokerages
HSBC Holdings plc (NYSE:HSBC) has been assigned a consensus recommendation of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.00.
Several equities research analysts recently issued reports on HSBC shares. ValuEngine raised shares of HSBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub raised shares of HSBC from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Santander raised shares of HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank reaffirmed a “neutral” rating on shares of HSBC in a research note on Friday. Finally, UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research note on Wednesday, November 29th.
Shares of HSBC (NYSE:HSBC) traded up $0.54 during trading hours on Friday, hitting $51.39. 3,197,360 shares of the company’s stock were exchanged, compared to its average volume of 2,130,000. The firm has a market cap of $204,600.00, a price-to-earnings ratio of 37.51, a P/E/G ratio of 2.32 and a beta of 0.90. HSBC has a 52 week low of $39.63 and a 52 week high of $55.89. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30.
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HSBC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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