HSBC Holdings plc Rating Reiterated by BNP Paribas (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reaffirmed by equities research analysts at BNP Paribas in a research note issued to investors on Thursday. They currently have a GBX 675 ($11.35) target price on the stock. BNP Paribas’ price target suggests a potential upside of 9.56% from the company’s current price.
HSBC Holdings plc (LON:HSBA) traded down 0.39% during mid-day trading on Thursday, hitting GBX 616.10. The stock had a trading volume of 20,229,124 shares. 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 612.3 and its 200-day moving average is GBX 640.5. The company’s market cap is £118.9 billion.
A number of other firms have also recently commented on HSBA. Analysts at Liberum Capital reiterated a “hold” rating on shares of HSBC Holdings plc in a research note on Friday, May 16th. Separately, analysts at Macquarie reiterated an “outperform” rating on shares of HSBC Holdings plc in a research note on Friday, May 16th. They now have a GBX 680 ($11.44) price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of HSBC Holdings plc from GBX 580 ($9.76) to GBX 550 ($9.25) in a research note on Wednesday, May 14th. They now have an “underperform” rating on the stock. Six investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the stock. HSBC Holdings plc currently has an average rating of “Hold” and a consensus target price of GBX 701.52 ($11.80).
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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