ValuEngine cut shares of HSBC (NYSE:HSBC) from a hold rating to a sell rating in a research note issued to investors on Monday morning.
Several other equities analysts also recently commented on HSBC. Zacks Investment Research downgraded HSBC from a hold rating to a sell rating in a research report on Tuesday, October 23rd. Keefe, Bruyette & Woods downgraded HSBC from an outperform rating to a market perform rating in a research report on Friday, January 25th. Citigroup downgraded HSBC from a buy rating to a neutral rating in a research report on Monday, October 22nd. Royal Bank of Canada downgraded HSBC from a sector perform rating to an underperform rating in a research report on Tuesday, October 23rd. Finally, Edward Jones downgraded HSBC from a hold rating to a sell rating in a research report on Wednesday, December 19th. Seven analysts have rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $47.00.
HSBC stock opened at $41.82 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.96 and a current ratio of 0.96. HSBC has a 12 month low of $38.23 and a 12 month high of $54.15.
HSBC Company Profile
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: Quiet Period
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.