Zacks Investment Research cut shares of Hang Seng Bank Ltd. (NASDAQ:HSNGY) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

According to Zacks, “HANG SENG BANK is a world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalisation. In keeping with our name, which means ever-growing in Chinese, we are growing alongside our customers. “

Hang Seng Bank (NASDAQ:HSNGY) opened at 23.565 on Monday. Hang Seng Bank has a 52-week low of $17.72 and a 52-week high of $23.57. The stock has a 50 day moving average price of $22.97 and a 200 day moving average price of $21.32. The stock has a market cap of $45.05 billion and a P/E ratio of 19.886.

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About Hang Seng Bank

Hang Seng Bank Limited (the Bank) is engaged in retail banking and wealth management, commercial banking, global banking and markets, and private banking. The Bank also offers a range of renminbi services. The Bank’s segments include Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets, and Other.

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