HSBC Holdings plc (HSBA) Rating Reiterated by Deutsche Bank AG
HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating reissued by investment analysts at Deutsche Bank AG in a research note issued to investors on Tuesday. They currently have a GBX 737 ($9.73) price objective on the financial services provider’s stock. Deutsche Bank AG’s target price suggests a potential downside of 0.87% from the company’s previous close.
Several other equities analysts have also recently commented on HSBA. UBS AG set a GBX 680 ($8.97) target price on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research note on Wednesday, June 28th. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 690 ($9.11) target price on shares of HSBC Holdings plc in a research note on Tuesday. Goldman Sachs Group, Inc. (The) set a GBX 790 ($10.42) target price on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research note on Friday, August 11th. Barclays PLC restated a “hold” rating and set a GBX 600 ($7.92) price objective on shares of HSBC Holdings plc in a research report on Wednesday, September 27th. Finally, Berenberg Bank restated a “hold” rating and set a GBX 600 ($7.92) price objective on shares of HSBC Holdings plc in a research report on Thursday, September 28th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. HSBC Holdings plc has an average rating of “Hold” and an average price target of GBX 712.15 ($9.40).
Shares of HSBC Holdings plc (LON:HSBA) opened at 745.70 on Tuesday. HSBC Holdings plc has a one year low of GBX 518.17 and a one year high of GBX 772.00. The stock’s market cap is GBX 151.15 billion. The firm has a 50 day moving average of GBX 737.03 and a 200 day moving average of GBX 709.91.
In related news, insider Stuart Thomson Gulliver sold 138,143 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.66), for a total transaction of £1,011,206.76 ($1,334,397.94). Also, insider Jonathan Symonds acquired 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired at an average cost of GBX 766 ($10.11) per share, for a total transaction of £76,600 ($101,082.08). Over the last 90 days, insiders have purchased 27,202 shares of company stock valued at $20,337,321.
About HSBC Holdings plc
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
Receive News & Ratings for HSBC Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC Holdings plc and related companies with MarketBeat.com's FREE daily email newsletter.