HSBC Holdings’s “Buy” Rating Reaffirmed at Berenberg Bank (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “buy” rating reaffirmed by equities research analysts at Berenberg Bank in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 790 ($12.67) target price on the stock. Berenberg Bank’s price target would indicate a potential upside of 16.47% from the company’s current price.
HSBA has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of HSBC Holdings in a research note to investors on Thursday. They now have a GBX 780 ($12.51) price target on the stock, down previously from GBX 790 ($12.67). Separately, 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. Finally, 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. Four investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 774.83 ($12.43).
HSBC Holdings (LON:HSBA) opened at 688.30 on Friday. HSBC Holdings has a 52-week low of GBX 589.30 and a 52-week high of GBX 772.50. The stock’s 50-day moving average is GBX 689.1 and its 200-day moving average is GBX 705.5. The company’s market cap is £125.6 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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