HSBC Holdings’s Sell Rating Reaffirmed at AlphaValue (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “sell” rating restated by AlphaValue in a research note issued on Thursday, AnalystRatingsNetwork reports. They currently have a GBX 574 ($9.26) price target on the stock. AlphaValue’s price objective would indicate a potential downside of 13.99% from the company’s current price.
Shares of HSBC Holdings (LON:HSBA) traded up 0.64% during mid-day trading on Thursday, hitting GBX 671.70. The stock had a trading volume of 6,451,671 shares. HSBC Holdings has a 1-year low of GBX 577.548 and a 1-year high of GBX 772.50. The stock has a 50-day moving average of GBX 702.3 and a 200-day moving average of GBX 709.2. The company’s market cap is £122.6 billion.
Other equities research analysts have also recently issued reports about the stock. 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 ($12.75) price target on the stock. Separately, analysts at Santander downgraded shares of HSBC Holdings (LON:HSBA) to an “underweight” rating in a research note to investors on Friday, September 27th. They now have a GBX 690 ($11.13) price target on the stock, up previously from GBX 632 ($10.20). Finally, analysts at Mizuho reiterated a “neutral” rating on shares of HSBC Holdings (LON:HSBA) in a research note to investors on Thursday, September 26th. They now have a GBX 750 ($12.10) price target on the stock. Four equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company. HSBC Holdings has an average rating of “Hold” and an average price target of GBX 769.44 ($12.41).
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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