Sanford C. Bernstein Reiterates “Outperform” Rating for HSBC Holdings plc (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “outperform” rating restated by investment analysts at Sanford C. Bernstein in a note issued to investors on Monday. They currently have a GBX 800 ($13.72) price objective on the stock. Sanford C. Bernstein’s target price suggests a potential upside of 31.73% from the company’s current price.
HSBC Holdings plc (LON:HSBA) opened at 604.288 on Monday. 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 615.8 and a 200-day moving average of GBX 626.7. The company’s market cap is £116.6 billion.
A number of other analysts have also recently weighed in on HSBA. Analysts at Numis Securities Ltd reiterated an “add” rating on shares of HSBC Holdings plc in a research note on Tuesday, July 1st. They now have a GBX 725 ($12.44) price target on the stock. Separately, analysts at Credit Suisse reiterated an “underperform” rating on shares of HSBC Holdings plc in a research note on Friday, June 27th. They now have a GBX 550 ($9.43) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC Holdings plc in a research note on Friday, June 27th. They now have a GBX 640 ($10.98) price target on the stock. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of GBX 696.12 ($11.94).
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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