HSBC (NYSE:HBC) was downgraded by research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report released on Monday, TheFlyOnTheWall.com reports.
HSBC (NYSE:HBC) opened at 55.37 on Monday. HSBC has a 52-week low of $42.85 and a 52-week high of $58.71. The stock’s 50-day moving average is currently $54.49. The company has a market cap of $206.9 billion and a price-to-earnings ratio of 11.61.
HBC has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “hold” rating on shares of HSBC in a research note to investors on Friday, July 26th. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC in a research note to investors on Thursday, July 25th. Finally, analysts at RBC Capital reiterated a “sector performer” rating on shares of HSBC in a research note to investors on Wednesday, July 24th.
One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $662.00.
HSBC Holdings plc is a banking and financial services organization. It serves around 89 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking.
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