Other equities analysts have also issued reports about the stock. Morgan Stanley restated a buy rating on shares of HSBC in a report on Wednesday, August 16th. Zacks Investment Research upgraded shares of HSBC from a hold rating to a buy rating and set a $53.00 price objective on the stock in a report on Wednesday, August 23rd. Jefferies Group initiated coverage on shares of HSBC in a report on Monday, September 4th. They issued a buy rating on the stock. Canaccord Genuity restated a hold rating and issued a $9.00 price objective on shares of HSBC in a report on Tuesday, September 5th. Finally, BidaskClub upgraded shares of HSBC from a sell rating to a hold rating in a report on Saturday, November 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $31.50.
Shares of HSBC (NYSE HSBC) traded up $0.83 during midday trading on Monday, reaching $50.20. 1,830,000 shares of the company traded hands, compared to its average volume of 1,626,882. HSBC has a fifty-two week low of $39.58 and a fifty-two week high of $50.86. The firm has a market capitalization of $197,426.48, a price-to-earnings ratio of 24.81, a P/E/G ratio of 2.57 and a beta of 0.93. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.94 and a quick ratio of 0.94.
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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