HSBC Holdings plc Given “Outperform” Rating at Sanford C. Bernstein (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “outperform” rating reaffirmed by investment analysts at Sanford C. Bernstein in a note issued to investors on Tuesday. They currently have a GBX 800 ($13.42) price target on the stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 27.82% from the company’s current price.
Shares of HSBC Holdings plc (LON:HSBA) traded up 0.67% on Tuesday, hitting GBX 630.10. 18,756,470 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 737.00. The stock’s 50-day moving average is GBX 611.5 and its 200-day moving average is GBX 616.9. The company’s market cap is £115.9 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Friday. They now have a GBX 790 ($13.25) price target on the stock. Separately, analysts at Nomura reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note on Wednesday, August 6th. They now have a GBX 705 ($11.83) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of HSBC Holdings plc in a research note on Tuesday, August 5th. They now have a GBX 725 ($12.16) price target on the stock. Four equities 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 company. The company presently has a consensus rating of “Hold” and an average target price of GBX 683.59 ($11.47).
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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