UBS Group restated their neutral rating on shares of HSBC (NYSE:HSBC) in a report published on Monday, December 11th, www.boersen-zeitung.de reports.
Other equities research analysts have also issued reports about the stock. Goldman Sachs Group restated a neutral rating on shares of HSBC in a report on Tuesday, December 5th. Canaccord Genuity reiterated a hold rating and set a $9.00 price target on shares of HSBC in a report on Tuesday, September 5th. Macquarie began coverage on shares of HSBC in a report on Wednesday, November 29th. They set an outperform rating for the company. JPMorgan Chase & Co. reiterated a neutral rating on shares of HSBC in a report on Friday, November 24th. Finally, BidaskClub upgraded shares of HSBC from a sell rating to a hold rating in a report on Saturday, November 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $31.50.
Shares of HSBC (HSBC) traded up $0.77 on Monday, hitting $52.41. 2,119,621 shares of the stock were exchanged, compared to its average volume of 2,066,450. The company has a market cap of $210,280.00, a price-to-earnings ratio of 38.26, a price-to-earnings-growth ratio of 2.69 and a beta of 0.93. 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 a 1 year low of $39.63 and a 1 year high of $52.44.
A number of hedge funds have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. boosted its holdings in shares of HSBC by 16.0% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,208 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 304 shares during the last quarter. Tower Research Capital LLC TRC lifted 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 worth $112,000 after purchasing an additional 1,139 shares during the period. UBS Asset Management Americas Inc. lifted its stake in shares of 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 worth $115,000 after purchasing an additional 43 shares during the period. Fieldpoint Private Securities LLC bought a new position in shares of HSBC in the 3rd quarter worth approximately $127,000. Finally, Zions Bancorporation raised its stake in HSBC by 374.8% during the 3rd quarter. Zions Bancorporation now owns 3,010 shares of the financial services provider’s stock worth $149,000 after acquiring an additional 2,376 shares during the period. 2.24% of the stock is currently owned by institutional investors.
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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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