Zacks Investment Research Downgrades Hang Seng Bank (HSNGY) to Hold

Hang Seng Bank (OTCMKTS:HSNGY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Wednesday.

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 stock opened at $24.46 on Wednesday. Hang Seng Bank has a fifty-two week low of $20.12 and a fifty-two week high of $25.05. The company has a market cap of $47,222.53, a PE ratio of 22.86, a P/E/G ratio of 2.06 and a beta of 0.66.

Hang Seng Bank Company Profile

Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprise, and institutional customers in Hong Kong, Mainland China, and internationally. It operates through four segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Other.

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