HSBC Holdings Receives “Outperform” Rating from Credit Suisse (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “outperform” rating reiterated by equities researchers at Credit Suisse in a research report issued on Wednesday, Analyst Ratings Network reports. They currently have a GBX 780 ($12.80) price objective on the stock. Credit Suisse’s price objective would suggest a potential upside of 15.74% from the company’s current price.
HSBA has been the subject of a number of other recent research reports. Analysts at UBS AG cut their price target on shares of HSBC Holdings from GBX 730 ($11.98) to GBX 715 ($11.74) in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of HSBC Holdings in a research note to investors on Wednesday. They now have a GBX 770 ($12.64) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of HSBC Holdings in a research note to investors on Monday. They now have a GBX 730 ($11.98) price target on the stock. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 765.41 ($12.56).
Shares of HSBC Holdings (LON:HSBA) opened at 670.60 on Wednesday. HSBC Holdings has a 1-year low of GBX 639.70 and a 1-year high of GBX 772.50. The stock has a 50-day moving average of GBX 662.5 and a 200-day moving average of GBX 689.3. The company’s market cap is £134.1 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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