Deutsche Bank Reiterates Hold Rating for HSBC Holdings (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “hold” rating reaffirmed by research analysts at Deutsche Bank in a report released on Monday, AnalystRatingsNetwork.com reports. They currently have a GBX 730 ($11.69) price objective on the stock. Deutsche Bank’s price objective points to a potential upside of 6.32% from the company’s current price.
A number of other firms have also recently commented on HSBA. Analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC Holdings (LON:HSBA) in a research note to investors on Thursday. They now have a GBX 790 ($12.65) price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of HSBC Holdings (LON:HSBA) from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a GBX 800 ($12.81) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC Holdings (LON:HSBA) in a research note to investors on Tuesday, September 10th. They now have a GBX 750 ($12.01) price target on the stock.
Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. HSBC Holdings currently has a consensus rating of “Hold” and an average target price of GBX 767.72 ($12.30).
Shares of HSBC Holdings (LON:HSBA) traded down 0.38% on Monday, hitting GBX 686.60. 16,579,098 shares of the company’s stock traded hands. HSBC Holdings has a 52-week low of GBX 568.00 and a 52-week high of GBX 772.50. The stock’s 50-day moving average is GBX 702.3 and its 200-day moving average is GBX 709.2. The company’s market cap is £125.3 billion.
HSBC Holdings plc is a banking and financial services organization. It serves around 89 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking.
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