HSBC Holdings plc’s Outperform Rating Reaffirmed at Sanford C. Bernstein (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “outperform” rating reaffirmed by investment analysts at Sanford C. Bernstein in a note issued to investors on Friday. They currently have a GBX 800 ($13.46) price objective on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 29.85% from the stock’s previous close.
HSBA has been the subject of a number of other recent research reports. Analysts at Deutsche Bank cut their price target on shares of HSBC Holdings plc from GBX 670 ($11.27) to GBX 640 ($10.77) in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note on Thursday. They now have a GBX 675 ($11.35) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of HSBC Holdings plc in a research note on Friday, May 16th. Six analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 700.52 ($11.78).
Shares of HSBC Holdings plc (LON:HSBA) opened at 619.00 on Friday. HSBC Holdings plc has a 1-year low of GBX 587.40 and a 1-year high of GBX 761.40. The stock has a 50-day moving average of GBX 612.3 and a 200-day moving average of GBX 640.5. The company’s market cap is £119.5 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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