HSBC Holdings plc PT Lowered to GBX 700 (HSBA)
Analysts at JPMorgan Chase & Co. reduced their target price on shares of HSBC Holdings plc (LON:HSBA) from GBX 730 ($12.10) to GBX 700 ($11.60) in a research report issued to clients and investors on Tuesday, Stock Ratings Network reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price points to a potential upside of 15.69% from the company’s current price.
HSBA has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “underperform” rating on shares of HSBC Holdings plc in a research note on Monday. They now have a GBX 580 ($9.62) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC Holdings plc in a research note on Monday. They now have a GBX 680 ($11.27) price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of HSBC Holdings plc from GBX 750 ($12.43) to GBX 600 ($9.95) in a research note on Friday. They now have a “sector performer” rating on the stock. Five equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 720.02 ($11.94).
HSBC Holdings plc (LON:HSBA) traded down 0.19% on Tuesday, hitting GBX 605.06. The stock had a trading volume of 46,210,532 shares. HSBC Holdings plc has a 1-year low of GBX 589.875 and a 1-year high of GBX 772.50. The stock’s 50-day moving average is GBX 618.1 and its 200-day moving average is GBX 655.3. The company’s market cap is £113.4 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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