HSBC Holdings plc Stock Rating Reaffirmed by Macquarie (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “outperform” rating reaffirmed by research analysts at Macquarie in a report released on Friday, American Banking News reports. They currently have a GBX 680 ($11.45) price objective on the stock. Macquarie’s target price indicates a potential upside of 8.81% from the company’s current price.
HSBC Holdings plc (LON:HSBA) opened at 632.70 on Friday. HSBC Holdings plc has a 52-week low of GBX 587.40 and a 52-week high of GBX 772.50. The stock’s 50-day moving average is GBX 610.2 and its 200-day moving average is GBX 642.5. The company’s market cap is £122.1 billion.
Several other analysts have also recently commented on the stock. Analysts at Credit Suisse cut their price target on shares of HSBC Holdings plc from GBX 580 ($9.77) to GBX 550 ($9.26) in a research note on Wednesday. They now have an “underperform” 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 equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and thirteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 701.52 ($11.82).
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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