Grupo Santander Reiterates “Underweight” Rating for HSBC Holdings plc (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “underweight” rating restated by investment analysts at Grupo Santander in a note issued to investors on Friday. They currently have a GBX 638 ($10.83) target price on the stock. Grupo Santander’s price target would indicate a potential upside of 4.54% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Nomura cut their price target on shares of HSBC Holdings plc from GBX 710 ($12.05) to GBX 680 ($11.54) in a research note on Thursday. They now have a “neutral” rating on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Wednesday. They now have a GBX 790 ($13.41) price target on the stock. Finally, 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. 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 stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 702.02 ($11.92).
HSBC Holdings plc (LON:HSBA) opened at 609.50 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 616.5 and a 200-day moving average of GBX 630.7. The company’s market cap is £117.6 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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