HSBC Holdings Stock Rating Reaffirmed by Credit Suisse (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse in a report issued on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 780 ($12.51) target price on the stock, down from their previous target price of GBX 790 ($12.67). Credit Suisse’s price target indicates a potential upside of 14.99% from the company’s current price.
Shares of HSBC Holdings (LON:HSBA) traded up 1.42% during mid-day trading on Thursday, hitting GBX 678.30. 16,643,485 shares of the company’s stock traded hands. HSBC Holdings has a 1-year low of GBX 582.20 and a 1-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 £123.8 billion.
HSBA has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of HSBC Holdings in a research note to investors on Tuesday. They now have a GBX 850 ($13.64) price target on the stock. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 774.83 ($12.43).
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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