HSBC (HSBC) Receives Neutral Rating from UBS

UBS reaffirmed their neutral rating on shares of HSBC (NYSE:HSBC) in a report released on Monday, www.boersen-zeitung.de reports.

Other analysts have also issued reports about the stock. Goldman Sachs Group reissued a neutral rating on shares of HSBC in a research report on Tuesday, December 5th. Canaccord Genuity restated a hold rating and issued a $9.00 target price on shares of HSBC in a research note on Tuesday, September 5th. Macquarie began coverage on shares of HSBC in a research note on Wednesday, November 29th. They issued an outperform rating on the stock. J P Morgan Chase & Co restated a neutral rating on shares of HSBC in a research note on Friday, November 24th. Finally, BidaskClub upgraded shares of HSBC from a sell rating to a hold rating in a research note on Saturday, November 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. HSBC currently has an average rating of Hold and an average price target of $31.50.

Shares of HSBC (NYSE:HSBC) opened at $50.91 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94. HSBC has a 1 year low of $39.58 and a 1 year high of $51.71. The firm has a market cap of $202,145.20, a PE ratio of 25.40, a P/E/G ratio of 2.64 and a beta of 0.93.

Hedge funds have recently modified their holdings of the business. Harding Loevner LP boosted its stake in shares of HSBC by 4,384.0% during the third quarter. Harding Loevner LP now owns 98,112,785 shares of the financial services provider’s stock valued at $17,392,000 after purchasing an additional 95,924,743 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of HSBC by 2.2% during the third quarter. Fisher Asset Management LLC now owns 13,824,918 shares of the financial services provider’s stock valued at $683,089,000 after purchasing an additional 291,811 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of HSBC by 0.8% during the second quarter. Dimensional Fund Advisors LP now owns 13,310,658 shares of the financial services provider’s stock valued at $617,481,000 after purchasing an additional 99,537 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of HSBC by 12.7% during the third quarter. Parametric Portfolio Associates LLC now owns 2,338,801 shares of the financial services provider’s stock valued at $115,560,000 after purchasing an additional 263,130 shares in the last quarter. Finally, Aperio Group LLC boosted its stake in shares of HSBC by 2.3% during the third quarter. Aperio Group LLC now owns 1,283,358 shares of the financial services provider’s stock valued at $63,411,000 after purchasing an additional 28,695 shares in the last quarter. Institutional investors and hedge funds own 2.25% of the company’s stock.

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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.

Analyst Recommendations for HSBC (NYSE:HSBC)

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