HSBC Holdings plc Stock Rating Reaffirmed by Mediobanca SpA (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “outperform” rating restated by stock analysts at Mediobanca SpA in a report issued on Tuesday. They currently have a GBX 650 ($11.03) target price on the stock. Mediobanca SpA’s price target points to a potential upside of 6.21% from the stock’s previous close.
HSBC Holdings plc (LON:HSBA) opened at 612.90 on Tuesday. HSBC Holdings plc has a 1-year low of GBX 587.40 and a 1-year high of GBX 761.40. The stock’s 50-day moving average is GBX 616.4 and its 200-day moving average is GBX 631.9. The company’s market cap is £118.3 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Societe Generale reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Friday. They now have a GBX 760 ($12.90) price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of HSBC Holdings plc from GBX 700 ($11.88) to GBX 675 ($11.46) in a research note on Friday. They now have a “neutral” rating on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of HSBC Holdings plc in a research note on Monday, June 9th. They now have a GBX 800 ($13.58) price target on the stock. Six research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. HSBC Holdings plc has an average rating of “Hold” and an average price target of GBX 704.84 ($11.96).
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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