HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reaffirmed by research analysts at BNP Paribas in a research report issued to clients and investors on Thursday. They presently have a GBX 540 ($7.05) target price on the stock. BNP Paribas’ price objective would suggest a potential downside of 8.27% from the company’s current price.

Other research analysts have also recently issued reports about the company. Deutsche Bank AG upped their price objective on HSBC Holdings plc from GBX 441 ($5.76) to GBX 470 ($6.13) and gave the stock a ” hold” rating in a research report on Monday, June 27th. Societe Generale reaffirmed a “buy” rating and set a GBX 510 ($6.66) price objective on shares of HSBC Holdings plc in a research report on Monday, June 27th. Bankhaus Lampe set a GBX 600 ($7.83) price objective on HSBC Holdings plc and gave the stock a “buy” rating in a research report on Monday, June 13th. Beaufort Securities reissued a “buy” rating on shares of HSBC Holdings plc in a report on Tuesday, July 5th. Finally, Citigroup Inc. set a GBX 515 ($6.72) target price on HSBC Holdings plc and gave the company a “buy” rating in a report on Wednesday, July 13th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 522.36 ($6.82).

Shares of HSBC Holdings plc (LON:HSBA) opened at 583.30 on Thursday. HSBC Holdings plc has a one year low of GBX 392.37 and a one year high of GBX 594.50. The firm has a 50-day moving average price of GBX 552.69 and a 200 day moving average price of GBX 476.48. The firm’s market capitalization is GBX 104.05 billion.

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In other news, insider Evans,Lord purchased 1,754 shares of the stock in a transaction that occurred on Wednesday, August 31st. The shares were acquired at an average price of GBX 566 ($7.39) per share, for a total transaction of £9,927.64 ($12,958.67).

HSBC Holdings plc Company Profile

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).

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