Published On: Tue, Sep 13th, 2016

HSBC Holdings plc (HSBA) Given “Hold” Rating at Deutsche Bank AG

HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank AG in a research report issued to clients and investors on Tuesday. They currently have a GBX 525 ($6.99) price objective on the stock. Deutsche Bank AG’s target price suggests a potential downside of 7.18% from the company’s current price.
HSBA has been the subject of several other reports. JPMorgan Chase & Co. upped their price target on shares of HSBC Holdings plc from GBX 460 ($6.13) to GBX 520 ($6.93) and gave the stock a “neutral” rating in a report on Tuesday, September 6th. BNP Paribas upped their price target on shares of HSBC Holdings plc from GBX 400 ($5.33) to GBX 540 ($7.19) and gave the stock a “neutral” rating in a report on Monday, August 8th. Berenberg Bank reiterated a “buy” rating and set a GBX 600 ($7.99) price target on shares of HSBC Holdings plc in a report on Monday, May 16th. Beaufort Securities reiterated a “buy” rating on shares of HSBC Holdings plc in a report on Thursday, August 4th. Finally, Societe Generale reiterated a “buy” rating on shares of HSBC Holdings plc in a report on Friday, June 17th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. HSBC Holdings plc currently has a consensus rating of “Hold” and an average price target of GBX 522.36 ($6.96).
Shares of HSBC Holdings plc (LON:HSBA) opened at 565.60 on Tuesday. The company’s 50-day moving average price is GBX 538.32 and its 200 day moving average price is GBX 470.80. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 588.30. The firm’s market cap is GBX 100.90 billion.

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In related news, insider Evans,Lord purchased 1,754 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was bought at an average price of GBX 566 ($7.54) per share, for a total transaction of £9,927.64 ($13,222.75).
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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