HSBC Holdings Given “Buy” Rating at Berenberg Bank (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “buy” rating reaffirmed by investment analysts at Berenberg Bank in a note issued to investors on Monday, Stock Ratings Network.com reports. They currently have a GBX 790 ($12.98) target price on the stock. Berenberg Bank’s target price points to a potential upside of 27.11% from the stock’s previous close.
Shares of HSBC Holdings (LON:HSBA) traded down 0.88% during mid-day trading on Monday, hitting GBX 621.50. The stock had a trading volume of 22,937,432 shares. HSBC Holdings has a one year low of GBX 618.40 and a one year high of GBX 772.50. The stock’s 50-day moving average is GBX 658.3 and its 200-day moving average is GBX 685.3. The company’s market cap is £124.3 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 Tuesday, January 28th. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC Holdings in a research note to investors on Friday, January 24th. They now have a GBX 750 ($12.33) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC Holdings in a research note to investors on Friday, January 24th. They now have a GBX 710 ($11.67) price target 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 issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 764.82 ($12.57).
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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