Shares of HSBC Holdings plc (NYSE:HSBC) saw strong trading volume on Wednesday . 7,156,055 shares changed hands during trading, an increase of 335% from the previous session’s volume of 1,643,976 shares.The stock last traded at $51.10 and had previously closed at $50.54.
Several equities analysts have weighed in on the company. Zacks Investment Research lowered HSBC from a “strong-buy” rating to a “hold” rating in a report on Monday, October 9th. BidaskClub raised HSBC from a “sell” rating to a “hold” rating in a report on Saturday, November 11th. UBS reissued a “neutral” rating on shares of HSBC in a report on Wednesday, November 29th. Jefferies Group began coverage on HSBC in a report on Monday, September 4th. They set a “buy” rating for the company. Finally, Credit Suisse Group lowered HSBC from a “neutral” rating to an “underperform” rating in a report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $31.50.
The firm has a market cap of $204,380.00, a P/E ratio of 25.68, a PEG ratio of 2.66 and a beta of 0.93. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.30.
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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.
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