HSBC Holdings plc Stock Rating Reaffirmed by Berenberg Bank (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “buy” rating reiterated by research analysts at Berenberg Bank in a report released on Friday. They currently have a GBX 790 ($13.29) price objective on the stock. Berenberg Bank’s price target would indicate a potential upside of 25.66% from the stock’s previous close.
HSBC Holdings plc (LON:HSBA) opened at 629.70 on Friday. HSBC Holdings plc has a 52-week low of GBX 585.00 and a 52-week high of GBX 737.00. The stock has a 50-day moving average of GBX 610.1 and a 200-day moving average of GBX 618.1. The company’s market cap is £115.8 billion.
Several other analysts have also recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note on Wednesday. They now have a GBX 705 ($11.86) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of HSBC Holdings plc in a research note on Tuesday. They now have a GBX 725 ($12.20) price target on the stock. Finally, analysts at Grupo Santander upgraded shares of HSBC Holdings plc to a “hold” rating in a research note on Tuesday. They now have a GBX 665 ($11.19) price target on the stock. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have given a buy rating to the company. HSBC Holdings plc currently has an average rating of “Hold” and a consensus price target of GBX 683.59 ($11.50).
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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