Zacks Investment Research Upgrades Hang Seng Bank Ltd. (HSNGY) to Hold
Hang Seng Bank Ltd. (NASDAQ:HSNGY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
According to Zacks, “HANG SENG BANK is a world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalisation. In keeping with our name, which means ever-growing in Chinese, we are growing alongside our customers. “
Hang Seng Bank (NASDAQ:HSNGY) remained flat at $18.15 during trading on Wednesday. The stock has a market cap of $34.70 billion and a PE ratio of 17.78. Hang Seng Bank has a one year low of $15.58 and a one year high of $19.19. The firm’s 50 day moving average is $17.74 and its 200 day moving average is $17.51.
About Hang Seng Bank
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hang Seng Bank Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hang Seng Bank Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.