HSBC (NYSE:HSBC)‘s stock had its “neutral” rating reiterated by JPMorgan Chase & Co. in a note issued to investors on Thursday.
Several other research firms have also weighed in on HSBC. BNP Paribas lowered HSBC from an “outperform” rating to a “neutral” rating in a research note on Wednesday, January 17th. ValuEngine raised HSBC from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Santander raised HSBC from a “sell” rating to a “hold” rating in a research note on Tuesday, February 6th. Morgan Stanley reissued a “buy” rating on shares of HSBC in a research note on Tuesday. Finally, Deutsche Bank reaffirmed a “neutral” rating on shares of HSBC in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. HSBC has a consensus rating of “Hold” and an average target price of $31.50.
Shares of HSBC (NYSE HSBC) opened at $53.20 on Thursday. The firm has a market capitalization of $209,260.00, a price-to-earnings ratio of 38.83, a PEG ratio of 2.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.94 and a current ratio of 0.94. HSBC has a one year low of $39.63 and a one year high of $55.89.
Several institutional investors have recently modified their holdings of HSBC. UBS Asset Management Americas Inc. boosted its position in shares of HSBC by 1.8% in the second quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock worth $115,000 after buying an additional 43 shares during the period. Fieldpoint Private Securities LLC acquired a new stake in HSBC during the third quarter valued at $127,000. Aevitas Wealth Management Inc. acquired a new stake in HSBC during the fourth quarter valued at $132,000. Premia Global Advisors LLC acquired a new stake in HSBC during the fourth quarter valued at $139,000. Finally, Bessemer Group Inc. boosted its position in HSBC by 60.2% during the fourth quarter. Bessemer Group Inc. now owns 2,846 shares of the financial services provider’s stock valued at $147,000 after purchasing an additional 1,070 shares during the last quarter. 2.26% of the stock is owned by institutional investors and hedge funds.
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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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