Nomura Reiterates “Neutral” Rating for HSBC Holdings plc (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating restated by equities researchers at Nomura in a research report issued on Thursday. They currently have a GBX 705 ($11.83) price target on the stock. Nomura’s price objective indicates a potential upside of 11.89% from the company’s current price.
HSBA has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of HSBC Holdings plc in a research note on Tuesday. They now have a GBX 800 ($13.42) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Friday, August 8th. They now have a GBX 790 ($13.25) 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 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. HSBC Holdings plc has an average rating of “Hold” and a consensus price target of GBX 683.59 ($11.47).
HSBC Holdings plc (LON:HSBA) opened at 645.60 on Thursday. HSBC Holdings plc has a 1-year low of GBX 585.00 and a 1-year high of GBX 737.00. The stock has a 50-day moving average of GBX 612.4 and a 200-day moving average of GBX 616.9. The company’s market cap is £118.8 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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