Zacks Investment Research upgraded shares of Hang Seng Bank Ltd. (NASDAQ:HSNGY) from a hold rating to a buy rating in a research report report published on Tuesday morning. Zacks Investment Research currently has $26.00 target price on the stock.
According to Zacks, “HANG SENG BANK is a world-class financial institution and one of Hong Kong’s largest listed companies in terms of market capitalisation. In keeping with our name, which means ever-growing in Chinese, we are growing alongside our customers. “
Hang Seng Bank (NASDAQ HSNGY) opened at 23.375 on Tuesday. Hang Seng Bank has a 52-week low of $17.69 and a 52-week high of $23.10. The firm’s 50 day moving average is $22.27 and its 200 day moving average is $20.96. The company has a market cap of $44.69 billion and a PE ratio of 19.759.
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About Hang Seng Bank
Hang Seng Bank Limited (the Bank) is engaged in retail banking and wealth management, commercial banking, global banking and markets, and private banking. The Bank also offers a range of renminbi services. The Bank’s segments include Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets, and Other.
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