HSBC (NYSE:HBC)‘s stock had its “hold” rating reiterated by equities researchers at Numis Securities Ltd in a research report issued on Friday, AnalystRatingsNetwork.com reports.
Shares of HSBC (NYSE: HBC) traded down 0.14% during mid-day trading on Friday, hitting $56.64. HSBC has a one year low of $41.33 and a one year high of $58.71. The stock’s 50-day moving average is currently $54.03. The company has a market cap of $211.7 billion and a P/E ratio of 11.89.
Other equities research analysts have also recently issued reports about the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC in a research note to investors on Thursday. Separately, analysts at RBC Capital reiterated a “sector performer” rating on shares of HSBC in a research note to investors on Wednesday. Finally, analysts at Morgan Stanley reiterated an “equal weight” rating on shares of HSBC in a research note to investors on Wednesday.
One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average 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.