HSBC Holdings Given “Neutral” Rating at UBS AG (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “neutral” rating restated by analysts at UBS AG in a research report issued to clients and investors on Monday, Stock Ratings Network.com reports. They currently have a GBX 750 ($12.13) price objective on the stock. UBS AG’s target price points to a potential upside of 10.29% from the stock’s previous close.
HSBC Holdings (LON:HSBA) opened at 682.20 on Monday. 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 £124.5 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC Holdings in a research note to investors on Monday. They now have a GBX 730 ($11.81) price target on the stock. Separately, analysts at Maybank Kim Eng reiterated a “hold” rating on shares of HSBC Holdings in a research note to investors on Thursday. They now have a GBX 703.78 ($11.39) price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of HSBC Holdings in a research note to investors on Wednesday, October 23rd. They now have a GBX 770 ($12.46) price target on the stock. Four investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company’s stock. HSBC Holdings currently has an average rating of “Hold” and an average price target of GBX 773.91 ($12.52).
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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