HSBC (HSBC) Receives “Neutral” Rating from Deutsche Bank
HSBC (NYSE:HSBC)‘s stock had its “neutral” rating reiterated by research analysts at Deutsche Bank in a note issued to investors on Friday.
Several other equities research analysts also recently commented on HSBC. ValuEngine upgraded HSBC from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. UBS Group reiterated a “neutral” rating on shares of HSBC in a report on Wednesday, November 29th. Santander upgraded HSBC from a “sell” rating to a “hold” rating in a report on Tuesday, February 6th. JPMorgan Chase & Co. restated a “neutral” rating on shares of HSBC in a research note on Friday, November 24th. Finally, Macquarie began coverage on HSBC in a research note on Wednesday, November 29th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. HSBC presently has an average rating of “Hold” and a consensus target price of $31.50.
Shares of HSBC (HSBC) opened at $51.39 on Friday. HSBC has a twelve month low of $39.63 and a twelve month high of $55.89. The company has a market capitalization of $205,513.19, a PE ratio of 25.82, a P/E/G ratio of 2.34 and a beta of 0.90. 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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