Deutsche Bank Reiterates “Hold” Rating for HSBC Holdings (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, AnalystRatings.Net reports. They currently have a GBX 710 ($11.65) price target on the stock. Deutsche Bank’s price objective indicates a potential upside of 9.91% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse reiterated an “outperform” rating on shares of HSBC Holdings in a research note to investors on Wednesday. They now have a GBX 780 ($12.80) price target on the stock. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a sell rating, eighteen have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 764.82 ($12.55).
HSBC Holdings (LON:HSBA) traded down 2.00% on Friday, hitting GBX 645.80. The stock had a trading volume of 36,279,272 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 661. and its 200-day moving average is GBX 688.5. The company’s market cap is £129.2 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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