Nomura Reaffirms Buy Rating on HSBC (HBC)
HSBC opened at 44.79 on Tuesday. HSBC has a 1-year low of $35.72 and a 1-year high of $53.43. The company has a market cap of $158.9 billion and a price-to-earnings ratio of 9.84.
A number of other analysts have also recently weighed in on HBC. Analysts at UBS AG (NYSE: UBS) raised their price target on shares of HSBC to $47.68 in a research note to investors on Wednesday, March 21st. They now have a “neutral” rating on the stock. Separately, analysts at Zacks reiterated an “underperform” rating on shares of HSBC in a research note to investors on Tuesday, March 6th. They now have a $40.00 price target on the stock.
HSBC Holdings plc (HSBC) is a global banking and financial services company. Through its subsidiaries and associates, HSBC provides a range of banking and related financial services.