HSBC Holdings PLC (LON:HSBA) Rating
The financial company have set PT of GBX 600.00 on HSBC Holdings PLC (LON:HSBA) shares. This is 38.42% from the last close price. In analysts note revealed to investors and clients on 30 March, Berenberg reaffirmed their “Buy” rating on shares of HSBA.
Out of 23 analysts covering HSBC Holdings PLC (LON:HSBA), 9 rate it “Buy”, 8 “Sell”, while 10 “Hold”. This means 33% are positive. GBX 9.17 is the highest target while GBX 5.36 is the lowest. The GBX 7.12 average target is 15.44% above today’s (GBX 434.36) stock price. HSBC Holdings PLC was the topic in 142 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Berenberg maintained the stock on March 30 with “Buy” rating. Bankhaus Lampe maintained it with “Buy” rating and GBX 6.5 target price in a March 11 report. Nomura downgraded the shares of HSBA in a report on March 18 to “Reduce” rating. Barclays Capital maintained the firm’s rating on March 11. Barclays Capital has “Equal Weight” rating and GBX 500 price target. Finally, Deutsche Bank maintained the stock with “Hold” rating in a March 14 report.
The stock increased 0.43% or GBX 1.86 on March 29, hitting GBX 434.36. HSBC Holdings plc (LON:HSBA) has declined 16.62% since August 28, 2015 and is downtrending. It has underperformed by 20.89% the S&P500.
HSBC Holdings plc is the banking and financial services company. The company has a market cap of 85.17 billion GBP. The Company’s principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. It has 10.57 P/E ratio. The Firm operates in four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).
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