HSBC Holdings Rating Reiterated by Bank of America Corp. (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “neutral” rating restated by investment analysts at Bank of America Corp. in a note issued to investors on Monday, StockRatingsNetwork.com reports. They currently have a GBX 775 ($12.37) price target on the stock. Bank of America Corp.’s target price indicates a potential upside of 12.35% from the company’s current price.
HSBC Holdings (LON:HSBA) traded up 0.03% on Monday, hitting GBX 689.80. The stock had a trading volume of 10,192,419 shares. HSBC Holdings has a 52 week low of GBX 593.00 and a 52 week 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 £125.9 billion.
Several other analysts have also recently commented on the stock. Analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC Holdings in a research note to investors on Friday. They now have a GBX 790 ($12.61) price target on the stock. Separately, 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 ($12.45) price target on the stock, down previously from GBX 790 ($12.61). Finally, analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of HSBC Holdings in a research note to investors on Tuesday, October 8th. They now have a GBX 850 ($13.57) price target on the stock. Four research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 774.55 ($12.37).
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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