HSBC (HSBC) Upgraded to Hold by Santander
Santander upgraded shares of HSBC (NYSE:HSBC) from a sell rating to a hold rating in a report published on Tuesday morning, The Fly reports.
HSBC has been the subject of a number of other research reports. ValuEngine raised HSBC from a hold rating to a buy rating in a research note on Friday, February 2nd. BNP Paribas lowered HSBC from an outperform rating to a neutral rating in a research note on Wednesday, January 17th. Zacks Investment Research lowered HSBC from a strong-buy rating to a hold rating in a research note on Monday, October 9th. BidaskClub raised HSBC from a sell rating to a hold rating in a research note on Saturday, November 11th. Finally, UBS Group reissued a neutral rating on shares of HSBC in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. HSBC presently has a consensus rating of Hold and an average price target of $31.50.
HSBC (NYSE HSBC) opened at $50.85 on Tuesday. HSBC has a 52-week low of $39.63 and a 52-week high of $55.89. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market cap of $203,610.00, a P/E ratio of 37.12, a price-to-earnings-growth ratio of 2.36 and a beta of 0.90.
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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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