HSBC Holdings’s “Neutral” Rating Reaffirmed at BNP Paribas (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “neutral” rating reiterated by investment analysts at BNP Paribas in a note issued to investors on Friday, AnalystRatingsNetwork.com reports. They currently have a GBX 750 ($12.31) target price on the stock. BNP Paribas’ price objective would suggest a potential upside of 16.11% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC Holdings in a research note to investors on Friday. They now have a GBX 710 ($11.65) price target on the stock. Separately, 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. Finally, 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. Four 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. HSBC Holdings currently has a consensus rating of “Hold” and a consensus price target of GBX 764.82 ($12.55).
Shares of HSBC Holdings (LON:HSBA) traded down 2.00% during mid-day trading on Friday, hitting GBX 645.80. 36,279,272 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 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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