HSBC (HSBC) Getting Somewhat Positive Media Coverage, Report Shows

Media stories about HSBC (NYSE:HSBC) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. HSBC earned a daily sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 44.8073408050987 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news stories that may have impacted Accern Sentiment’s scoring:

Shares of HSBC (NYSE HSBC) traded up $0.56 on Thursday, reaching $51.10. 7,156,000 shares of the company’s stock were exchanged, compared to its average volume of 1,643,976. 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 company has a market capitalization of $204,380.00, a PE ratio of 25.40, a P/E/G ratio of 2.63 and a beta of 0.93. HSBC has a twelve month low of $39.58 and a twelve month high of $51.71.

Several research analysts have recently issued reports on HSBC shares. 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 raised shares of HSBC from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Monday, September 4th. BidaskClub raised shares of HSBC from a “sell” rating to a “hold” rating in a research note on Saturday, November 11th. Credit Suisse Group cut shares of HSBC from a “neutral” rating to an “underperform” rating in a research note on Tuesday, October 10th. Finally, Goldman Sachs Group reissued a “neutral” rating on shares of HSBC in a research note on Tuesday, December 5th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $31.50.

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About HSBC

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.

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