HSBC Holdings plc (NYSE:HSBC) shares gapped down before the market opened on Tuesday . The stock had previously closed at $36.77, but opened at $36.79. HSBC shares last traded at $37.10, with a volume of 218,951 shares traded.
Several research firms have commented on HSBC. Goldman Sachs Group raised HSBC from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 22nd. Jefferies Financial Group lowered HSBC from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Barclays lowered HSBC from an “equal weight” rating to an “underweight” rating in a report on Wednesday, July 17th. ValuEngine lowered HSBC from a “hold” rating to a “sell” rating in a report on Friday, July 26th. Finally, Morgan Stanley lowered HSBC from an “overweight” rating to an “equal weight” rating in a report on Friday, June 21st. Eight research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $43.80.
The company has a market capitalization of $146.63 billion, a price-to-earnings ratio of 11.75, a price-to-earnings-growth ratio of 2.45 and a beta of 0.68. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.97 and a current ratio of 0.97. The firm’s fifty day moving average is $40.64.
About HSBC (NYSE:HSBC)
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
Further Reading: Understanding Market Liquidity
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.