HSBC Holdings plc Price Target Cut to GBX 593 (HSBA)
Research analysts at Deutsche Bank reduced their price target on shares of HSBC Holdings plc (LON:HSBA) from GBX 640 ($10.87) to GBX 593 ($10.07) in a report released on Tuesday. The firm currently has a “hold” rating on the stock. Deutsche Bank’s target price points to a potential downside of 6.98% from the company’s current price.
A number of other analysts have also recently weighed in on HSBA. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note on Monday. They now have a GBX 675 ($11.46) price target on the stock. Separately, 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. 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 research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 683.38 ($11.60).
Shares of HSBC Holdings plc (LON:HSBA) traded up 1.05% on Tuesday, hitting GBX 637.50. 25,484,474 shares of the company’s stock traded hands. 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 607. and its 200-day moving average is GBX 619.. The company’s market cap is £123.0 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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