Could HSBC Holdings plc (HSBC) Change Direction After Making 52-Week High?

Cornelia Mascio
Gennaio 13, 2018

It is down 0.00% since January 10, 2017 and is. It has underperformed by 4.38% the S&P500. The stock had previously closed at GBX 791.70 ($10.74). HSBC has a 1-year low of GBX 518.17 ($7.03) and a 1-year high of GBX 798.60 ($10.83). The stock increased 0.47% or $0.255 during the last trading session, reaching $54.175. About 2.72 million shares traded or 81.92% up from the average. Switch, Inc. (NYSE:SWCH) has 0.00% since January 11, 2017 and is. It has outperformed by 21.58% the S&P500. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company's stock. HSBC's profit will be $2.09B for 24.68 P/E if the $0.55 EPS becomes a reality.

HSBC Holdings plc (HSBC) is the banking and financial services company.

HSBC Holdings plc provides banking and financial services and products in the United Kingdom and internationally. The company has market cap of $1.37 billion. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It has a 31.07 P/E ratio. The companyÂ's Retail Banking and Wealth Management business offers a range of personal banking services and products, including current and savings accounts, mortgages and personal loans, credit cards, debit cards, and local and worldwide payment services; and insurance and investment products, asset management services, and financial planning services.

Among 10 analysts covering Switch (NYSE:SWCH), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 32% are positive. HSBC Holdings had 19 analyst reports since September 30, 2015 according to SRatingsIntel. Natixis upgraded shares of HSBC Holdings PLC from a "reduce" rating to a "neutral" rating in a report on Thursday, November 17th. Credit Suisse Group lowered HSBC to an underperform rating and boosted their price objective for the company from GBX 630 ($8.54) to GBX 650 ($8.81) in a research report on Tuesday, October 10th. The firm earned "Neutral" rating on Monday, June 27 by BNP Paribas.

More important recent HSBC Holdings plc (NYSE:HSBC) news were published by: Investorplace.com which released: "Strong Quant Score Keep HSBC Holdings plc Sponsored ADR (HSBC) a Buy" on December 12, 2017, also Investorplace.com published article titled: "HSBC Holdings plc Sponsored ADR (HSBC) a Buy on Healthy Quant Score", Investorplace.com published: "HSBC Holdings plc Sponsored ADR (HSBC) Rating Declines to Buy" on October 10, 2017. The stock has "Buy" rating by Bank of America on Thursday, August 4. UBS upgraded HSBC Holdings plc (NYSE:HSBC) on Wednesday, September 30 to " rating. The rating was upgraded by Citigroup on Wednesday, December 2 to "Neutral". The company presently has a consensus rating of Hold and a consensus price target of GBX 748.33 ($10.15). On Tuesday, November 8 the stock rating was upgraded by Citigroup to "Buy".

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