HSBC Holdings Rating Reiterated by Santander (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “underweight” rating restated by equities research analysts at Santander in a research note issued to investors on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 690 ($11.32) price target on the stock. Santander’s price objective would suggest a potential upside of 4.55% from the stock’s previous close.
Shares of HSBC Holdings (LON:HSBA) traded up 2.74% during mid-day trading on Tuesday, hitting GBX 678.10. The stock had a trading volume of 22,647,768 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 666.0 and a 200-day moving average of GBX 689.. The company’s market cap is £135.6 billion.
A number of other analysts have also recently weighed in on HSBA. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of HSBC Holdings in a research note to investors on Tuesday. They now have a GBX 860 ($14.11) 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, January 2nd. They now have a GBX 708.87 ($11.63) price target on the stock. Finally, 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. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target 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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