Deutsche Bank Reiterates Hold Rating for HSBC Holdings plc (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Monday. They currently have a GBX 640 ($10.94) price target on the stock. Deutsche Bank’s price objective would indicate a potential upside of 7.18% from the stock’s previous close.
HSBC Holdings plc (LON:HSBA) traded down 0.35% on Monday, hitting GBX 597.10. The stock had a trading volume of 9,981,219 shares. HSBC Holdings plc has a 1-year low of GBX 585.00 and a 1-year high of GBX 761.40. The stock has a 50-day moving average of GBX 607.4 and a 200-day moving average of GBX 621.7. The company’s market cap is £115.2 billion.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of HSBC Holdings plc in a research note on Thursday. They now have a GBX 800 ($13.67) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note on Thursday. They now have a GBX 650 ($11.11) price target on the stock. Finally, analysts at Societe Generale reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Tuesday, July 15th. They now have a GBX 760 ($12.99) price target on the stock. Six analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have assigned a buy rating to the company’s stock. HSBC Holdings plc presently has an average rating of “Hold” and a consensus target price of GBX 693.43 ($11.85).
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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