HSBC Holdings Upgraded by Bankhaus Lampe to Hold (HSBA)
HSBC Holdings (LON:HSBA) was upgraded by investment analysts at Bankhaus Lampe to a “hold” rating in a note issued to investors on Thursday, Analyst Ratings Net reports. The firm currently has a GBX 700 ($11.48) price objective on the stock. Bankhaus Lampe’s target price indicates a potential upside of 4.77% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of HSBC Holdings in a research note to investors on Wednesday. They now have a GBX 780 ($12.79) price target on the stock. Separately, analysts at Santander reiterated an “underweight” rating on shares of HSBC Holdings in a research note to investors on Tuesday. They now have a GBX 690 ($11.32) price target on the stock. Finally, 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. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 767.83 ($12.59).
Shares of HSBC Holdings (LON:HSBA) traded down 0.87% during mid-day trading on Thursday, hitting GBX 668.60. The stock had a trading volume of 28,867,020 shares. HSBC Holdings has a 52 week low of GBX 639.70 and a 52 week high of GBX 772.50. The stock’s 50-day moving average is GBX 667.2 and its 200-day moving average is GBX 689.9. The company’s market cap is £133.7 billion.
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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