Deutsche Bank Reiterates “Hold” Rating for HSBC Holdings plc (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report released on Friday. They currently have a GBX 640 ($10.98) price objective on the stock. Deutsche Bank’s price objective suggests a potential upside of 8.05% from the stock’s previous close.
A number of other analysts have also recently weighed in on HSBA. Analysts at Barclays reiterated an “overweight” rating on shares of HSBC Holdings plc in a research note on Thursday. Separately, analysts at Mediobanca SpA reiterated an “outperform” rating on shares of HSBC Holdings plc in a research note on Thursday. They now have a GBX 596 ($10.22) price target on the stock. Finally, analysts at Investec cut their price target on shares of HSBC Holdings plc from GBX 640 ($10.98) to GBX 620 ($10.63) in a research note on Wednesday. They now have a “hold” rating on the stock. Six investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have assigned a buy rating to the company’s stock. HSBC Holdings plc currently has an average rating of “Hold” and an average price target of GBX 693.43 ($11.89).
Shares of HSBC Holdings plc (LON:HSBA) traded up 0.56% on Friday, hitting GBX 592.30. The stock had a trading volume of 17,213,500 shares. HSBC Holdings plc has a 52-week low of GBX 587.40 and a 52-week high of GBX 761.40. The stock’s 50-day moving average is GBX 611.4 and its 200-day moving average is GBX 624.8. The company’s market cap is £114.3 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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