HSBC Holdings PLC (HSBC) Earns News Impact Score of 0.14
Media headlines about HSBC Holdings PLC (NYSE:HSBC) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of press coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. HSBC Holdings PLC earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.9802377370078 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Head of HSBC global banking is out (seekingalpha.com)
- Market Risers: HSBC Holdings plc, ITV plc, Kingfisher plc, Metal Tiger PLC, Mondi Plc – DirectorsTalk Interviews (directorstalkinterviews.com)
- HSBC shuts Gupta-linked accounts amid investigation – BusinessTech (businesstech.co.za)
- HSBC Latest Firm to Find IT Executive in Tech Sector – Wall Street Journal (blog) (blogs.wsj.com)
- HSBC Fined a Record $51 Million Over Lehman-Linked Products – Bloomberg (bloomberg.com)
Shares of HSBC Holdings PLC (NYSE:HSBC) traded up $0.83 during trading on Thursday, hitting $49.18. The stock had a trading volume of 1,168,800 shares, compared to its average volume of 1,640,866. The firm has a market cap of $193,214.77, a PE ratio of 24.30, a P/E/G ratio of 2.52 and a beta of 0.93. HSBC Holdings PLC has a fifty-two week low of $39.08 and a fifty-two week high of $50.86. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30.
HSBC has been the subject of several research reports. Zacks Investment Research lowered HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. BidaskClub upgraded HSBC Holdings PLC from a “hold” rating to a “buy” rating in a research note on Monday, July 31st. Canaccord Genuity reiterated a “hold” rating and set a $9.00 price objective on shares of HSBC Holdings PLC in a research note on Tuesday, September 5th. Credit Suisse Group lowered HSBC Holdings PLC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. Finally, Jefferies Group LLC initiated coverage on HSBC Holdings PLC in a research note on Monday, September 4th. They set a “buy” rating for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $31.50.
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About HSBC Holdings PLC
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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