Credit Suisse Reiterates Underperform Rating for HSBC Holdings plc (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “underperform” rating reaffirmed by analysts at Credit Suisse in a research report issued to clients and investors on Wednesday. They currently have a GBX 550 ($9.13) price objective on the stock. Credit Suisse’s price objective would suggest a potential downside of 15.12% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “hold” rating on shares of HSBC Holdings plc in a research note on Monday. Separately, analysts at Nomura reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note on Thursday, August 14th. They now have a GBX 705 ($11.70) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of HSBC Holdings plc in a research note on Tuesday, August 12th. They now have a GBX 800 ($13.28) price target on the stock. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 682.27 ($11.32).
HSBC Holdings plc (LON:HSBA) traded up 1.68% on Wednesday, hitting GBX 658.00. 11,667,061 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 630.5 and its 200-day moving average is GBX 618.6. The company’s market cap is £121.0 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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