HSBC Holdings PLC (NYSE:HSBC) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other research firms have also issued reports on HSBC. Zacks Investment Research lowered shares of HSBC Holdings PLC from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. Credit Suisse Group lowered shares of HSBC Holdings PLC from a “neutral” rating to an “underperform” rating in a research report on Tuesday, October 10th. Finally, Jefferies Group LLC started coverage on shares of HSBC Holdings PLC in a research report on Monday, September 4th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. HSBC Holdings PLC presently has a consensus rating of “Hold” and an average target price of $42.50.

Shares of HSBC Holdings PLC (NYSE HSBC) opened at $48.72 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30. The stock has a market cap of $193,555.78, a P/E ratio of 24.30, a PEG ratio of 2.52 and a beta of 0.93. HSBC Holdings PLC has a 52-week low of $38.82 and a 52-week high of $50.86.

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A number of large investors have recently added to or reduced their stakes in the stock. Trexquant Investment LP acquired a new position in HSBC Holdings PLC in the third quarter worth approximately $494,000. Eagle Asset Management Inc. increased its holdings in HSBC Holdings PLC by 15.7% in the third quarter. Eagle Asset Management Inc. now owns 10,947 shares of the financial services provider’s stock worth $537,000 after buying an additional 1,489 shares during the last quarter. LMR Partners LLP increased its holdings in HSBC Holdings PLC by 36.4% in the third quarter. LMR Partners LLP now owns 579,673 shares of the financial services provider’s stock worth $28,405,000 after buying an additional 154,538 shares during the last quarter. Morningstar Investment Services LLC increased its holdings in HSBC Holdings PLC by 16.0% in the third quarter. Morningstar Investment Services LLC now owns 11,726 shares of the financial services provider’s stock worth $579,000 after buying an additional 1,620 shares during the last quarter. Finally, Berkeley Capital Partners LLC increased its holdings in HSBC Holdings PLC by 9.9% in the third quarter. Berkeley Capital Partners LLC now owns 26,443 shares of the financial services provider’s stock worth $1,307,000 after buying an additional 2,380 shares during the last quarter. Hedge funds and other institutional investors own 2.25% of the company’s stock.

HSBC Holdings PLC Company Profile

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

Analyst Recommendations for HSBC Holdings PLC (NYSE:HSBC)

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