Morgan Stanley Reiterates Buy Rating for HSBC (HSBC)
HSBC (NYSE:HSBC)‘s stock had its “buy” rating restated by investment analysts at Morgan Stanley in a note issued to investors on Tuesday.
A number of other analysts also recently weighed in on HSBC. BidaskClub downgraded shares of HSBC from a “hold” rating to a “sell” rating in a report on Wednesday, November 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of HSBC in a report on Friday, November 24th. UBS Group reaffirmed a “neutral” rating on shares of HSBC in a report on Wednesday, November 29th. Macquarie initiated coverage on shares of HSBC in a report on Wednesday, November 29th. They set an “outperform” rating for the company. Finally, Goldman Sachs Group reaffirmed a “neutral” rating on shares of HSBC in a report on Tuesday, December 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. HSBC currently has a consensus rating of “Hold” and an average target price of $31.50.
Shares of HSBC (NYSE HSBC) traded up $0.22 during trading on Tuesday, hitting $51.60. 300,446 shares of the stock were exchanged, compared to its average volume of 2,156,759. HSBC has a 12 month low of $39.63 and a 12 month 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 $205,513.19, a P/E ratio of 36.84, a PEG ratio of 2.34 and a beta of 0.90.
COPYRIGHT VIOLATION WARNING: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another publication, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this article can be viewed at https://www.watchlistnews.com/morgan-stanley-reiterates-buy-rating-for-hsbc-hsbc/1863254.html.
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.
Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.