HSBC Holdings plc Rating Reiterated by Credit Suisse (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “underperform” rating reiterated by research analysts at Credit Suisse in a report released on Monday. They currently have a GBX 550 ($9.42) price objective on the stock. Credit Suisse’s price target would suggest a potential downside of 8.26% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC Holdings plc in a research note on Friday. They now have a GBX 640 ($10.96) price target on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of HSBC Holdings plc in a research note on Thursday. Finally, 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 ($10.20) price target on the stock. Six equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 693.43 ($11.87).
HSBC Holdings plc (LON:HSBA) traded up 1.21% during mid-day trading on Monday, hitting GBX 599.488. The stock had a trading volume of 16,969,904 shares. HSBC Holdings plc has a 52 week low of GBX 585.00 and a 52 week high of GBX 761.40. The stock’s 50-day moving average is GBX 610.9 and its 200-day moving average is GBX 623.9. The company’s market cap is £115.7 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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