HSBC (HSBC) Upgraded to “Hold” at Santander
Santander upgraded shares of HSBC (NYSE:HSBC) from a sell rating to a hold rating in a research note published on Tuesday morning, The Fly reports.
Several other research analysts have also issued reports on HSBC. ValuEngine raised shares of HSBC from a hold rating to a buy rating in a research note on Friday, February 2nd. UBS Group reissued a neutral rating on shares of HSBC in a research note on Wednesday, November 29th. Macquarie began coverage on shares of HSBC in a research note on Wednesday, November 29th. They set an outperform rating on the stock. JPMorgan Chase & Co. reissued a neutral rating on shares of HSBC in a research note on Friday, November 24th. Finally, BNP Paribas lowered shares of HSBC from an outperform rating to a neutral rating in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company’s stock. HSBC presently has an average rating of Hold and an average price target of $31.50.
Shares of HSBC (HSBC) opened at $51.39 on Tuesday. The company has a market cap of $205,770.00, a price-to-earnings ratio of 37.51, a PEG ratio of 2.36 and a beta of 0.90. HSBC has a 12 month low of $39.63 and a 12 month high of $55.89. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94.
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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.
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