HSBC Holdings plc (HSBC) : Analyst Rating Update

HSBC Holdings plc (HSBC) has an average broker rating of 4, which is interpreted as a Sell, as rated by 3 equity analysts. Nevertheless, the majority of 1 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 5, which is also a Strong Sell. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company. 1 considers that the stock is a Sell.

HSBC Holdings plc (NYSE:HSBC): The stock opened at $29.92 on Wednesday but the bulls could not build on the opening and the stock topped out at $30.19 for the day. The stock traded down to $29.67 during the day, due to lack of any buying support eventually closed down at $30.19 with a loss of -0.36% for the day. The stock had closed at $30.30 on the previous day. The total traded volume was 4,908,003 shares.

Also, In a research note released to the investors, BNP Paribas upgrades its rating on HSBC Holdings plc (NYSE:HSBC).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Underperform by the brokerage firm. The rating by the firm was issued on June 27, 2016. The company shares have dropped -28.79% from its 1 Year high price. On Aug 5, 2015, the shares registered one year high at $46.38 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $31.60 and the 200 Day Moving Average price is recorded at $32.86.

HSBC Holdings plc (HSBC) is the banking and financial services company. The Companys principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. The Company operates in four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). RBWM offers personal banking products and wealth management services. CMB offers a range of commercial financial services and solutions to customers ranging from small and medium-sized enterprises to publicly quoted companies. GB&M provides financial solutions to Government, corporate and institutional clients across the world. GPB offers products and services, which include private banking, investment management and private wealth solutions. It operates in Europe, Asia, Middle East and North Africa, North America and Latin America.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.