HSBC Holdings plc’s “Buy” Rating Reaffirmed at Investec (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “buy” rating reaffirmed by investment analysts at Investec in a note issued to investors on Monday, Analyst Ratings.Net reports. They currently have a GBX 745 ($12.39) price objective on the stock. Investec’s price objective indicates a potential upside of 13.88% from the stock’s previous close.
A number of other analysts have also recently weighed in on HSBA. Analysts at Canaccord Genuity cut their price target on shares of HSBC Holdings plc from GBX 825 ($13.72) to GBX 750 ($12.47) in a research note on Monday. They now have a “buy” rating on the stock. Separately, analysts at BNP Paribas reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Friday. They now have a GBX 756.84 ($12.59) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of HSBC Holdings plc from GBX 710 ($11.81) to GBX 700 ($11.64) in a research note on Wednesday, February 19th. They now have a “hold” rating on the stock. Four analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. HSBC Holdings plc currently has a consensus rating of “Hold” and an average target price of GBX 759.97 ($12.64).
Shares of HSBC Holdings plc (LON:HSBA) traded down 2.83% on Monday, hitting GBX 635.70. The stock had a trading volume of 68,493,704 shares. HSBC Holdings plc has a 1-year low of GBX 618.40 and a 1-year high of GBX 772.50. The stock has a 50-day moving average of GBX 651.0 and a 200-day moving average of GBX 675.1. The company’s market cap is £127.1 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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