Investec Reiterates “Buy” Rating for HSBC Holdings (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “buy” rating reiterated by Investec in a research note issued on Friday, AnalystRatings.NET reports.
HSBC Holdings (LON:HSBA) opened at 678.70 on Friday. HSBC Holdings has a one year low of GBX 639.70 and a one year high of GBX 772.50. The stock has a 50-day moving average of GBX 663.1 and a 200-day moving average of GBX 689.. The company’s market cap is £135.7 billion.
HSBA has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Barclays reiterated an “overweight” rating on shares of HSBC Holdings in a research note to investors on Wednesday, January 8th. They now have a GBX 780 ($12.85) price target on the stock. Four investment analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. HSBC Holdings presently has a consensus rating of “Hold” and an average price target 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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