HSBC Holdings Rating Reiterated by Nomura (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “neutral” rating reaffirmed by equities researchers at Nomura in a research report issued on Tuesday, Stock Ratings News reports. They currently have a GBX 790 ($12.98) price target on the stock. Nomura’s target price indicates a potential upside of 26.30% from the stock’s previous close.
HSBC Holdings (LON:HSBA) traded up 0.50% during mid-day trading on Tuesday, hitting GBX 624.60. 29,493,704 shares of the company’s stock traded hands. HSBC Holdings has a 1-year low of GBX 618.40 and a 1-year high of GBX 772.50. The stock’s 50-day moving average is GBX 657.0 and its 200-day moving average is GBX 683.. The company’s market cap is £124.9 billion.
A number of other analysts have also recently weighed in on HSBA. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of HSBC Holdings in a research note to investors on Monday. They now have a GBX 860 ($14.13) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC Holdings in a research note to investors on Monday. They now have a GBX 750 ($12.33) price target on the stock. Finally, 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. Four 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. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 765.07 ($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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