HSBC Holdings plc Rating Reiterated by Investec (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating restated by stock analysts at Investec in a report issued on Monday. They currently have a GBX 620 ($10.43) price objective on the stock. Investec’s price objective would indicate a potential downside of 1.48% from the stock’s previous close.
HSBC Holdings plc (LON:HSBA) opened at 637.80 on Monday. HSBC Holdings plc has a 1-year low of GBX 585.00 and a 1-year high of GBX 761.40. The stock’s 50-day moving average is GBX 608.2 and its 200-day moving average is GBX 619.8. The company’s market cap is £123.1 billion.
Several other analysts have also recently commented on the stock. Analysts at Maybank Kim Eng reiterated a “hold” rating on shares of HSBC Holdings plc in a research note on Friday. They now have a GBX 597.17 ($10.05) price target on the stock. Separately, analysts at DBS Vickers upgraded shares of HSBC Holdings plc to a “buy” rating in a research note on Tuesday, July 29th. They now have a GBX 711.65 ($11.97) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of HSBC Holdings plc from GBX 640 ($10.77) to GBX 593 ($9.98) in a research note on Tuesday, July 29th. They now have a “hold” rating on the stock. Five research analysts have rated the stock with a sell rating, fourteen have given a hold rating and twelve have issued a buy rating to the company. HSBC Holdings plc has an average rating of “Hold” and a consensus price target of GBX 681.66 ($11.47).
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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