HSBC Holdings plc Given Add Rating at Numis Securities Ltd (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “add” rating restated by equities researchers at Numis Securities Ltd in a research report issued on Friday, American Banking and Market News reports. They currently have a GBX 725 ($12.18) price target on the stock. Numis Securities Ltd’s price objective would indicate a potential upside of 20.33% from the stock’s previous close.
Shares of HSBC Holdings plc (LON:HSBA) traded down 1.71% on Friday, hitting GBX 602.50. The stock had a trading volume of 27,922,628 shares. HSBC Holdings plc has a one year low of GBX 589.875 and a one year high of GBX 772.50. The stock’s 50-day moving average is GBX 610.0 and its 200-day moving average is GBX 650.0. The company’s market cap is £112.9 billion.
A number of other firms have also recently commented on HSBA. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note on Friday. They now have a GBX 685 ($11.50) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note on Thursday, April 17th. They now have a GBX 675 ($11.34) price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of HSBC Holdings plc from GBX 730 ($12.26) to GBX 700 ($11.76) in a research note on Tuesday, April 8th. They now have a “neutral” rating on the stock. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 713.45 ($11.98).
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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