HSBC Holdings Stock Rating Reaffirmed by Societe Generale (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “buy” rating restated by investment analysts at Societe Generale in a note issued to investors on Tuesday, Analyst RN reports. They currently have a GBX 810 ($12.98) price target on the stock. Societe Generale’s price objective indicates a potential upside of 15.22% from the stock’s previous close.
Shares of HSBC Holdings (LON:HSBA) opened at 693.60 on Tuesday. HSBC Holdings has a one year low of GBX 593.20 and a one year high of GBX 772.50. The stock has a 50-day moving average of GBX 682.8 and a 200-day moving average of GBX 704.4. The company’s market cap is £127.5 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Espirito Santo Investment Bank Research reiterated a “buy” rating on shares of HSBC Holdings in a research note to investors on Monday. They now have a GBX 850 ($13.63) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of HSBC Holdings in a research note to investors on Friday. They now have a GBX 745 ($11.94) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of HSBC Holdings in a research note to investors on Friday. They now have a GBX 760 ($12.18) price target on the stock. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, twenty have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 771.14 ($12.36).
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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