HSBC Holdings plc Rating Reiterated by JPMorgan Chase & Co. (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Tuesday. They currently have a GBX 675 ($11.36) price objective on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 6.47% from the stock’s previous close.
Shares of HSBC Holdings plc (LON:HSBA) traded down 0.16% during mid-day trading on Tuesday, hitting GBX 634.00. The stock had a trading volume of 17,231,622 shares. HSBC Holdings plc has a 1-year low of GBX 585.00 and a 1-year high of GBX 1077.62. The stock’s 50-day moving average is GBX 609.1 and its 200-day moving average is GBX 618.4. The company’s market cap is £122.4 billion.
A number of other analysts have also recently weighed in on HSBA. Analysts at Credit Suisse reiterated an “underperform” rating on shares of HSBC Holdings plc in a research note on Tuesday. They now have a GBX 550 ($9.25) price target on the stock. Separately, analysts at Investec reiterated a “hold” rating on shares of HSBC Holdings plc in a research note on Monday. They now have a GBX 620 ($10.43) price target on the stock. Finally, 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. Four investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 682.66 ($11.49).
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
Receive News & Ratings for HSBC Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC Holdings plc and related companies with Analyst Ratings Network's FREE daily email newsletter.