HSBC Holdings Rating Reiterated by BNP Paribas (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “neutral” rating reiterated by equities research analysts at BNP Paribas in a research note issued to investors on Monday, ARN reports. They currently have a GBX 750 ($12.33) price target on the stock. BNP Paribas’ price objective would suggest a potential upside of 20.68% 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 52-week low of GBX 619.60 and a 52-week high of GBX 772.50. The stock has a 50-day moving average of GBX 657.9 and a 200-day moving average of GBX 684.0. The company’s market cap is £124.3 billion.
A number of other analysts have also recently weighed in on HSBA. Analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC Holdings in a research note to investors on Monday. They now have a GBX 790 ($12.98) price target on the stock. Separately, analysts at Investec reiterated a “buy” rating on shares of HSBC Holdings in a research note to investors on Tuesday, January 28th. 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 issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price 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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