HSBC Holdings plc Receives Neutral Rating from JPMorgan Chase & Co. (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating restated by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Monday. They currently have a GBX 675 ($11.46) target price on the stock. JPMorgan Chase & Co.’s price objective indicates a potential upside of 6.99% from the company’s current price.
A number of other firms have also recently commented on HSBA. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Monday, July 21st. They now have a GBX 750 ($12.74) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC Holdings plc in a research note on Monday, July 21st. They now have a GBX 640 ($10.87) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of HSBC Holdings plc in a research note on Thursday, July 17th. They now have a GBX 800 ($13.58) price target on the stock. Six analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of GBX 684.08 ($11.62).
Shares of HSBC Holdings plc (LON:HSBA) traded up 1.48% on Monday, hitting GBX 630.90. 30,017,180 shares of the company’s stock traded hands. HSBC Holdings plc has a one year low of GBX 585.00 and a one year high of GBX 761.40. The stock’s 50-day moving average is GBX 606.5 and its 200-day moving average is GBX 620.0. The company’s market cap is £121.8 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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