Shares of HSBC Holdings plc (NYSE:HSBC) have been given a consensus rating of “Hold” by the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $9.00.

HSBC has been the subject of several analyst reports. Jefferies Group initiated coverage on shares of HSBC in a report on Monday, September 4th. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of HSBC from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Monday, September 4th. Canaccord Genuity restated a “hold” rating and set a $9.00 price objective on shares of HSBC in a research report on Tuesday, September 5th. BidaskClub upgraded shares of HSBC from a “sell” rating to a “hold” rating in a research report on Saturday, November 11th. Finally, UBS Group restated a “neutral” rating on shares of HSBC in a research report on Wednesday, November 29th.

A number of hedge funds have recently added to or reduced their stakes in HSBC. SG Americas Securities LLC increased its stake in HSBC by 93.1% in the 2nd quarter. SG Americas Securities LLC now owns 24,664 shares of the financial services provider’s stock valued at $1,144,000 after buying an additional 11,891 shares during the period. Tocqueville Asset Management L.P. grew its stake in shares of HSBC by 10.3% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 156,513 shares of the financial services provider’s stock worth $7,261,000 after purchasing an additional 14,662 shares during the period. MAI Capital Management acquired a new position in shares of HSBC during the 2nd quarter worth $227,000. ProVise Management Group LLC acquired a new position in shares of HSBC during the 2nd quarter worth $209,000. Finally, Point View Wealth Management Inc. acquired a new position in shares of HSBC during the 2nd quarter worth $214,000. Hedge funds and other institutional investors own 2.24% of the company’s stock.

HSBC (HSBC) traded up $0.19 during midday trading on Friday, reaching $51.66. 2,048,320 shares of the company’s stock traded hands, compared to its average volume of 1,650,977. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.30. HSBC has a 12 month low of $39.58 and a 12 month high of $51.73. The firm has a market cap of $203,810.00, a PE ratio of 37.71, a PEG ratio of 2.68 and a beta of 0.93.

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HSBC 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 (NYSE:HSBC)

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