HSBC Holdings plc Price Target Lowered to GBX 630 at UBS AG (HSBA)
Equities research analysts at UBS AG lowered their price target on shares of HSBC Holdings plc (LON:HSBA) from GBX 665 ($11.22) to GBX 630 ($10.63) in a research note issued to investors on Thursday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. UBS AG’s price objective suggests a potential upside of 5.70% from the stock’s previous close.
A number of other analysts have also recently weighed in on HSBA. Analysts at Societe Generale reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Thursday. They now have a GBX 760 ($12.82) 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 Thursday. They now have a GBX 670 ($11.30) price target on the stock. Finally, analysts at Investec reiterated a “hold” rating on shares of HSBC Holdings plc in a research note on Wednesday. They now have a GBX 640 ($10.80) price target on the stock. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 704.55 ($11.89).
HSBC Holdings plc (LON:HSBA) traded up 0.37% during mid-day trading on Thursday, hitting GBX 596.00. 20,570,628 shares of the company’s stock traded hands. HSBC Holdings plc has a 1-year low of GBX 587.40 and a 1-year high of GBX 1077.62. The stock’s 50-day moving average is GBX 609.1 and its 200-day moving average is GBX 644.7. The company’s market cap is £115.0 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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