HSBC Holdings plc Stock Rating Reaffirmed by Berenberg Bank (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “buy” rating restated by stock analysts at Berenberg Bank in a report issued on Wednesday. They currently have a GBX 790 ($13.41) target price on the stock. Berenberg Bank’s price objective would suggest a potential upside of 29.06% from the company’s current price.
HSBC Holdings plc (LON:HSBA) opened at 614.60 on Wednesday. HSBC Holdings plc has a 52-week low of GBX 587.40 and a 52-week high of GBX 761.40. The stock has a 50-day moving average of GBX 616.3 and a 200-day moving average of GBX 631.4. The company’s market cap is £118.6 billion.
A number of other firms have also recently commented on HSBA. Analysts at Mediobanca SpA reiterated an “outperform” rating on shares of HSBC Holdings plc in a research note on Tuesday. They now have a GBX 650 ($11.03) price target on the stock. Separately, analysts at Societe Generale reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Friday, June 13th. They now have a GBX 760 ($12.90) price target on the stock. Finally, 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, June 13th. They now have a “neutral” rating on the stock. Six equities 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. The stock currently has a consensus 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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