HSBC Holdings plc (NYSE:HSBC)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $50.42, but opened at $52.15. HSBC shares last traded at $53.92, with a volume of 2724400 shares traded.

HSBC has been the subject of several recent analyst reports. Zacks Investment Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 9th. BidaskClub raised HSBC from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a research report on Wednesday, November 29th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of HSBC in a research report on Friday, November 24th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of HSBC in a research report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $31.50.

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30. The company has a market capitalization of $216,860.00, a PE ratio of 39.64, a price-to-earnings-growth ratio of 2.51 and a beta of 0.93.

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position in HSBC by 89.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock worth $112,000 after buying an additional 1,139 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in HSBC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock worth $115,000 after buying an additional 43 shares during the last quarter. Fieldpoint Private Securities LLC purchased a new position in HSBC in the 3rd quarter worth about $127,000. Zions Bancorporation raised its position in HSBC by 374.8% in the 3rd quarter. Zions Bancorporation now owns 3,010 shares of the financial services provider’s stock worth $149,000 after buying an additional 2,376 shares during the last quarter. Finally, Wesbanco Bank Inc. purchased a new position in HSBC in the 3rd quarter worth about $207,000. 2.24% of the stock is owned by institutional investors and hedge funds.

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About HSBC

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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