HSBC Holdings Receives “Outperform” Rating from Sanford C. Bernstein (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “outperform” rating reaffirmed by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Friday, Stock Ratings Network.com reports. They currently have a GBX 860 ($14.17) target price on the stock. Sanford C. Bernstein’s price objective points to a potential upside of 26.90% from the stock’s previous close.
Shares of HSBC Holdings (LON:HSBA) traded up 0.56% during mid-day trading on Friday, hitting GBX 677.70. 33,828,604 shares of the company’s stock traded hands. 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 662.9 and its 200-day moving average is GBX 689.7. The company’s market cap is £135.5 billion.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of HSBC Holdings in a research note to investors on Friday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of HSBC Holdings in a research note to investors on Tuesday. They now have a GBX 780 ($12.85) price target on the stock. Finally, analysts at Bankhaus Lampe upgraded shares of HSBC Holdings to a “hold” rating in a research note to investors on Thursday, January 9th. They now have a GBX 700 ($11.54) price target on the stock. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 768.50 ($12.66).
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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