Economy

HSBC Holdings PLC (HSBC) Downgraded by Credit Suisse Group

A number of other equities research analysts have also issued reports on HSBA. Morgan Stanley reissued an "overweight" rating and issued a GBX 850 ($11.29) price objective on shares of HSBC Holdings plc in a research report on Friday, September 29th. BNP Paribas reaffirmed an "outperform" rating and issued a GBX 715 ($9.50) price target on shares of HSBC Holdings plc in a research note on Wednesday, July 19th. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.

More recent HSBC Holdings plc (ADR) (NYSE:HSBC) news were published by: Investorplace.com which released: "HSBC Holdings plc Sponsored ADR (HSBC) Rating Declines to Buy" on October 10, 2017.

Monitoring the numbers for HSBC Holdings Plc.

HSBC Holdings plc (HSBA) traded up 0.98% during trading on Friday, reaching GBX 750.20. In the last ninety days, insiders have acquired 27,202 shares of company stock worth $20,337,321. The company has market cap of $199.01 billion. The firm has a 50 day moving average price of GBX 737.58 and a 200-day moving average price of GBX 708.15. The stock's market capitalization is 200.63B, it has a 52-week low of 36.93 and a 52-week high of 50.86. Investorplace.com's news article titled: "HSBC Holdings plc Sponsored ADR (HSBC) a Buy on Healthy Earnings Visibility" with publication date: October 17, 2017 was also an interesting one. Shareholders of record on Thursday, October 12th will be given a dividend of $0.10 per share by the financial services provider on Wednesday, November 22nd.

In terms of CCI levels, HSBC Holdings Plc (HSBA.L) now has a 14-day Commodity Channel Index (CCI) of -230.34. After having $0.95 EPS previously, HSBC Holdings plc (ADR)'s analysts see 0.00 % EPS growth.

ILLEGAL ACTIVITY NOTICE: This story was first posted by BBNS and is owned by of BBNS. If you are reading this article on another site, it was illegally stolen and republished in violation of US and worldwide trademark & copyright law. The original version of this report can be accessed at https://weekherald.com/2017/10/20/hsbc-holdings-plc-hsbc-downgraded-to-underperform-at-credit-suisse-group.html. The institutional investor held 425,135 shares of the savings institutions company at the end of 2017Q2, valued at $19.78M, down from 759,830 at the end of the previous reported quarter. Enterprise Financial Services Corp boosted its holdings in HSBC Holdings PLC by 0.6% in the second quarter. Rothschild Investment Corp IL now owns 7,652 shares of the company's stock valued at $240,000 after buying an additional 500 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in HSBC Holdings PLC by 0.8% during the 2nd quarter. Parkside Financial Bank & Trust now owns 5,960 shares of the financial services provider's stock valued at $276,000 after acquiring an additional 40 shares during the last quarter.

09/14/2016 - HSBC Holdings plc was downgraded to "neutral" by analysts at UBS. UBS Asset Management Americas Inc. now owns 2,477 shares of the financial services provider's stock valued at $115,000 after acquiring an additional 43 shares during the last quarter. Finally, Aperio Group LLC grew its position in shares of HSBC Holdings PLC by 8.6% in the second quarter. Finally, LS Investment Advisors LLC boosted its holdings in HSBC Holdings PLC by 2.6% in the second quarter. Fisher Asset Management LLC now owns 13,533,107 shares of the financial services provider's stock worth $627,801,000 after purchasing an additional 516,291 shares during the period. Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. It operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking businesses.



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