HSBC Holdings Given “Neutral” Rating at BNP Paribas (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “neutral” rating reaffirmed by equities researchers at BNP Paribas in a research report issued on Thursday, AR Network reports. They currently have a GBX 750 ($11.97) target price on the stock. BNP Paribas’ price target indicates a potential upside of 10.46% from the stock’s previous close.
HSBC Holdings (LON:HSBA) traded up 0.15% during mid-day trading on Thursday, hitting GBX 679.00. The stock had a trading volume of 26,254,532 shares. HSBC Holdings has a 52-week low of GBX 593.20 and a 52-week high of GBX 772.50. The stock has a 50-day moving average of GBX 686.4 and a 200-day moving average of GBX 704.2. The company’s market cap is £123.9 billion.
A number of other analysts have also recently weighed in on HSBA. Analysts at Numis Securities Ltd upgraded shares of HSBC Holdings to an “add” rating in a research note to investors on Wednesday. They now have a GBX 760 ($12.13) price target on the stock. Separately, analysts at Bank of America Corp. reiterated a “neutral” rating on shares of HSBC Holdings in a research note to investors on Monday. They now have a GBX 775 ($12.37) 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 Friday, October 11th. They now have a GBX 790 ($12.61) price target on the stock. Four analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the company’s stock. HSBC Holdings presently has a consensus rating of “Hold” and a consensus target price of GBX 775.92 ($12.39).
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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