Societe Generale downgraded shares of HSBC (NYSE:HSBC) from a buy rating to a hold rating in a research report report published on Wednesday morning, Marketbeat reports.
A number of other research analysts also recently commented on HSBC. JPMorgan Chase & Co. reissued a neutral rating on shares of HSBC in a report on Thursday, February 15th. Morgan Stanley reissued a buy rating on shares of HSBC in a report on Tuesday, February 13th. Deutsche Bank reissued a neutral rating on shares of HSBC in a report on Friday, February 9th. Santander raised HSBC from a sell rating to a hold rating in a report on Tuesday, February 6th. Finally, ValuEngine raised HSBC from a hold rating to a buy rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $31.50.
Shares of HSBC (NYSE:HSBC) opened at $51.23 on Wednesday. HSBC has a 1 year low of $39.63 and a 1 year high of $55.89. The company has a quick ratio of 0.94, a current ratio of 0.93 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $204,113.52, a PE ratio of 36.59, a PEG ratio of 2.33 and a beta of 0.90.
A number of institutional investors and hedge funds have recently modified their holdings of HSBC. Capital Bank & Trust Co raised its stake in HSBC by 4.5% during the third quarter. Capital Bank & Trust Co now owns 64,654 shares of the financial services provider’s stock valued at $3,195,000 after buying an additional 2,805 shares in the last quarter. Cambiar Investors LLC raised its stake in HSBC by 0.7% during the fourth quarter. Cambiar Investors LLC now owns 4,552,865 shares of the financial services provider’s stock valued at $235,110,000 after buying an additional 32,692 shares in the last quarter. Quantum Capital Management acquired a new stake in HSBC during the third quarter valued at approximately $212,000. Athos Capital Ltd acquired a new stake in HSBC during the third quarter valued at approximately $1,973,000. Finally, Fieldpoint Private Securities LLC acquired a new stake in HSBC during the third quarter valued at approximately $127,000. 2.24% of the stock is owned by hedge funds and other institutional investors.
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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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