HSBC (NYSE:HSBC) Upgraded at ValuEngine

ValuEngine upgraded shares of HSBC (NYSE:HSBC) from a hold rating to a buy rating in a research report sent to investors on Friday, February 2nd.

A number of other research analysts have also issued reports on HSBC. Zacks Investment Research lowered HSBC from a strong-buy rating to a hold rating in a research report on Monday, October 9th. BidaskClub raised HSBC from a sell rating to a hold rating in a research note on Saturday, November 11th. UBS Group reissued a neutral rating on shares of HSBC in a research note on Wednesday, November 29th. JPMorgan Chase & Co. reissued a neutral rating on shares of HSBC in a research note on Friday, November 24th. Finally, BNP Paribas cut HSBC from an outperform rating to a neutral rating in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, ten have given 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.

Shares of HSBC (NYSE HSBC) traded up $0.21 during trading hours on Friday, hitting $51.59. The company had a trading volume of 696,884 shares, compared to its average volume of 2,220,000. HSBC has a 1-year low of $39.63 and a 1-year high of $55.89. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30. The stock has a market cap of $203,440.00, a P/E ratio of 37.66, a P/E/G ratio of 2.34 and a beta of 0.90.

Large investors have recently made changes to their positions in the business. UBS Asset Management Americas Inc. raised its holdings in HSBC by 1.8% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 43 shares in the last quarter. Bluefin Trading LLC bought a new stake in shares of HSBC in the 2nd quarter valued at approximately $237,000. Tower Research Capital LLC TRC grew its stake in shares of HSBC by 89.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,139 shares during the period. Quadrant Capital Group LLC grew its stake in shares of HSBC by 21.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 8,323 shares of the financial services provider’s stock valued at $353,000 after purchasing an additional 1,447 shares during the period. Finally, Assetmark Inc. grew its stake in shares of HSBC by 88.4% in the 2nd quarter. Assetmark Inc. now owns 170,972 shares of the financial services provider’s stock valued at $7,931,000 after purchasing an additional 80,244 shares during the period. 2.26% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/13/valuengine-upgrades-hsbc-hsbc-to-buy.html.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for HSBC (NYSE:HSBC)

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.

Leave a Reply