Analyst Rating Update on HSBC Holdings plc (HSBC)

HSBC Holdings plc (HSBC) : 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on HSBC Holdings plc (HSBC). Zacks Investment Research suggests a Strong Sell with a rank of 5. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 3 Wall Street Analysts endorse the stock as a Sell with a rating of 4.

The shares have received a consensus rating of Sell for the current week Also, BNP Paribas upgrades its view on HSBC Holdings plc (NYSE:HSBC) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Underperform. The rating by the firm was issued on June 27, 2016.


HSBC Holdings plc (NYSE:HSBC): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.80 and $33.48 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.70, notching a gain of 4.79% for the day. The total traded volume was 4,894,657 . The stock had closed at $32.16 on the previous day.

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.

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