HSBC Holdings Given “Buy” Rating at Espirito Santo Investment Bank Research (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “buy” rating reiterated by analysts at Espirito Santo Investment Bank Research in a research report issued to clients and investors on Tuesday, American Banking News.com reports. They currently have a GBX 850 ($13.64) target price on the stock. Espirito Santo Investment Bank Research’s price target would indicate a potential upside of 26.41% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at AlphaValue reiterated a “sell” rating on shares of HSBC Holdings in a research note to investors on Thursday, October 3rd. They now have a GBX 574 ($9.21) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC Holdings in a research note to investors on Thursday, October 3rd. They now have a GBX 790 ($12.67) price target on the stock. Finally, analysts at Santander downgraded shares of HSBC Holdings to an “underweight” rating in a research note to investors on Friday, September 27th. They now have a GBX 690 ($11.07) price target on the stock, up previously from GBX 632 ($10.14). Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 772.92 ($12.40).
Shares of HSBC Holdings (LON:HSBA) opened at 670.80 on Tuesday. HSBC Holdings has a one year low of GBX 582.20 and a one year high of GBX 772.50. The stock has a 50-day moving average of GBX 689.1 and a 200-day moving average of GBX 705.5. The company’s market cap is £122.4 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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