HSBC Holdings Rating Reiterated by Sanford C. Bernstein (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “outperform” rating restated by equities research analysts at Sanford C. Bernstein in a research note issued to investors on Tuesday, StockRatingsNetwork reports. They currently have a GBX 860 ($14.11) price target on the stock. Sanford C. Bernstein’s price target points to a potential upside of 27.26% from the stock’s previous close.
Shares of HSBC Holdings (LON:HSBA) traded up 2.39% on Tuesday, hitting GBX 675.80. The stock had a trading volume of 31,453,648 shares. HSBC Holdings has a 52 week low of GBX 639.70 and a 52 week high of GBX 772.50. The stock has a 50-day moving average of GBX 667.2 and a 200-day moving average of GBX 689.9. The company’s market cap is £135.2 billion.
HSBA has been the subject of a number of other recent research reports. Analysts at Maybank Kim Eng reiterated a “hold” rating on shares of HSBC Holdings in a research note to investors on Thursday, January 2nd. They now have a GBX 708.87 ($11.63) 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 Tuesday, December 17th. They now have a GBX 780 ($12.79) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC Holdings in a research note to investors on Wednesday, December 11th. They now have a GBX 750 ($12.30) price target on the stock. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 770.70 ($12.64).
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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