Zacks: Hang Seng Bank Ltd. (NASDAQ:HSNGY) Given $18.04 Consensus Target Price by Analysts
Hang Seng Bank Ltd. (NASDAQ:HSNGY) has been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.
Analysts have set a twelve-month consensus price objective of $18.04 for the company, according to Zacks. Zacks has also assigned Hang Seng Bank an industry rank of 68 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research downgraded shares of Hang Seng Bank from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 4th.
Hang Seng Bank (NASDAQ:HSNGY) remained flat at $18.00 during midday trading on Tuesday. 17 shares of the company traded hands. Hang Seng Bank has a 1-year low of $15.58 and a 1-year high of $19.19. The firm has a 50-day moving average price of $17.52 and a 200-day moving average price of $17.43. The company has a market capitalization of $34.41 billion and a price-to-earnings ratio of 17.63.
Hang Seng Bank Company Profile
Hang Seng Bank Limited (the Bank) is engaged in the provision of banking and related financial services. The Bank operates through four segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Other. Retail Banking and Wealth Management segment offers a range of products and services to meet the personal banking, consumer lending and wealth management needs of individual customers.
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