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.

Institutional investors have recently added to or reduced their stakes in the business. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of HSBC during the 3rd quarter valued at about $236,000. Tower Research Capital LLC TRC grew its stake in shares of HSBC by 89.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,413 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 1,139 shares during the period. UBS Asset Management Americas Inc. grew its stake in shares of HSBC by 1.8% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 43 shares during the period. Archford Capital Strategies LLC grew its stake in shares of HSBC by 250.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 2,488 shares of the financial services provider’s stock valued at $360,000 after purchasing an additional 1,779 shares during the period. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of HSBC during the 3rd quarter valued at about $127,000. Institutional investors and hedge funds own 2.27% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “HSBC (HSBC) Receives “Neutral” Rating from Deutsche Bank” was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are reading this news story on another domain, it was stolen and republished in violation of U.S. & international trademark & copyright law. The original version of this news story can be read at https://theolympiareport.com/2018/02/11/hsbc-hsbc-receives-neutral-rating-from-deutsche-bank.html.

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.

Analyst Recommendations for HSBC (NYSE:HSBC)

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.