HSBC Holdings plc Rating Reiterated by Maybank Kim Eng (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating restated by equities research analysts at Maybank Kim Eng in a research note issued to investors on Friday. They currently have a GBX 597.17 ($10.14) price target on the stock. Maybank Kim Eng’s target price would indicate a potential downside of 6.16% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at DBS Vickers upgraded shares of HSBC Holdings plc to a “buy” rating in a research note on Tuesday. They now have a GBX 711.65 ($12.08) price target on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of HSBC Holdings plc from GBX 640 ($10.87) to GBX 593 ($10.07) in a research note on Tuesday. They now have a “hold” rating on the stock. Finally, 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. Five research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 681.66 ($11.58).
Shares of HSBC Holdings plc (LON:HSBA) opened at 628.90 on Friday. HSBC Holdings plc has a 52 week low of GBX 585.00 and a 52 week high of GBX 761.40. The stock has a 50-day moving average of GBX 608.0 and a 200-day moving average of GBX 619.7. The company’s market cap is £121.4 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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