Media headlines about HSBC (NYSE:HSBC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. HSBC earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.1875737524057 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s analysis:
- HSBC bosses grilled on bank’s gender pay gap, diversity (thedailystar.net)
- HSBC Malta announces investment to transform flagship corporate banking sector (independent.com.mt)
- HSBC: ECRL may be delayed if Opposition win GE14 (nst.com.my)
- HSBC faces protests at AGM over investments in arms companies supplying Israeli government (independent.co.uk)
- HSBC CEO Says Overhaul Strategy ‘Is Working’ (wsj.com)
HSBC traded up $0.21 during midday trading on Friday, hitting $49.62. 1,267,379 shares of the company were exchanged, compared to its average volume of 1,684,977. The company has a market capitalization of $197,749.59, a PE ratio of 47.71, a PEG ratio of 2.20 and a beta of 0.96. HSBC has a 1-year low of $39.89 and a 1-year high of $55.89. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.43.
A number of brokerages recently weighed in on HSBC. ValuEngine upgraded HSBC from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BNP Paribas lowered HSBC from an “outperform” rating to a “neutral” rating in a research report on Wednesday, January 17th. Deutsche Bank restated a “neutral” rating on shares of HSBC in a research report on Friday, February 9th. Credit Suisse Group upgraded HSBC from an “underperform” rating to a “neutral” rating in a research report on Thursday. Finally, Morgan Stanley restated a “buy” rating on shares of HSBC in a research report on Tuesday, February 13th. Twelve investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $31.50.
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HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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