HSBC Holdings plc (LON:HSBA) Rating Reiterated by Credit Suisse Group AG

As of the end of the quarter Matthews International Capital Management LLC had disposed of 132,700 shares trimming its holdings by 4.8%.

HSBC Holdings plc (HSBA) opened at GBX 733.20 ($9.64) on Friday.

HSBA has been the subject of a number of other research reports. Its stake was worth $642,628,000 an increase of 4.1% as of the end of the quarter. The brokerage now has a neutral rating on the financial services provider's stock. Insiders acquired a total of 17,079 shares of company stock worth $12,654,270 over the last quarter.

HSBC Holdings plc (LON HSBA) traded up GBX 1.90 ($0.02) on Friday, hitting GBX 736 ($9.68). Ubs Asset Management Americas Inc cut its holdings by shedding 2,345 shares a decrease of 94.7% in the quarter. Hedge funds and other institutional investors own 2.25% of the company's stock. With 1.35 million avg volume, 2 days are for Hsbc Holdings Plc (NYSE:HSBC)'s short sellers to cover HSBC's short positions. The stock was acquired at an average cost of GBX 674 ($8.13) per share, with a total value of £125,903.20 ($151,891.90).

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The analysts estimated EPS for the higher end at 0 and lower end at -0.09 while the year ago reported earnings per share was 0. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.67 average brokerage recommendation.

The company is now up by 0.18% since yesterday's close of 48.26. HSBC Holdings plc has a 12 month low of GBX 518.17 ($6.82) and a 12 month high of GBX 772 ($10.15). The stock has a market cap of $193,500.00, a price-to-earnings ratio of 24.48, a P/E/G ratio of 2.54 and a beta of 0.93.

Several equities research analysts have commented on HSBC shares. Morgan Stanley set a GBX 480 ($5.79) target price on shares of HSBC Holdings plc and gave the company a sell rating in a research note on Monday, November 7th. BNP Paribas reiterated an "outperform" rating and set a GBX 715 ($9.40) price objective on shares of HSBC Holdings plc in a report on Wednesday, July 19th. Finally, Jefferies Group LLC assumed coverage on shares of HSBC Holdings PLC in a research note on Monday, September 4th. They set a "buy" rating for the company. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of "Hold" and a consensus target price of GBX 723.72 ($9.52).

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HSBC Holdings plc 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).

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