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Credit Suisse decreased their target price on shares of HSBC Holdings plc (LON:HSBA) from GBX 580 ($9.77) to GBX 550 ($9.26) in a research note issued on Wednesday, American Banking & Market News reports. The firm currently has an “underperform” rating on the stock. Credit Suisse’s price objective would suggest a potential downside of 10.93% from the stock’s previous close.

HSBC Holdings plc (LON:HSBA) traded up 1.06% on Wednesday, hitting GBX 617.47. The stock had a trading volume of 26,647,540 shares. HSBC Holdings plc has a one year low of GBX 587.40 and a one year high of GBX 772.50. The stock has a 50-day moving average of GBX 609.9 and a 200-day moving average of GBX 642.6. The company’s market cap is £119.2 billion.

Several other analysts have also recently commented on the stock. Analysts at UBS AG cut their price target on shares of HSBC Holdings plc from GBX 665 ($11.20) to GBX 630 ($10.61) in a research note on Thursday, May 8th. They now have a “neutral” rating on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Thursday, May 8th. They now have a GBX 760 ($12.80) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC Holdings plc in a research note on Thursday, May 8th. They now have a GBX 670 ($11.29) price target 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. The stock presently has a consensus rating of “Hold” and an average target price of GBX 703.61 ($11.85).

HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.

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