HSBC Holdings plc (HSBA) Rating Reiterated by BNP Paribas
HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reaffirmed by stock analysts at BNP Paribas in a research report issued to clients and investors on Thursday. They currently have a GBX 540 ($7.05) price target on the stock. BNP Paribas’ price target points to a potential downside of 6.46% from the stock’s previous close.
Several other equities research analysts have also commented on the stock. Citigroup Inc. lowered shares of HSBC Holdings plc to a “neutral” rating and set a GBX 600 ($7.83) price objective for the company. in a research note on Tuesday, September 13th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 525 ($6.85) price objective on shares of HSBC Holdings plc in a research note on Tuesday, September 13th. Morgan Stanley set a GBX 438 ($5.72) price objective on shares of HSBC Holdings plc and gave the company a “sell” rating in a research note on Monday, September 12th. Societe Generale reiterated a “buy” rating and issued a GBX 510 ($6.66) price objective on shares of HSBC Holdings plc in a research note on Friday, September 9th. Finally, Barclays PLC set a GBX 550 ($7.18) price objective on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research note on Tuesday, September 6th. Four research 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. The stock presently has an average rating of “Hold” and an average target price of GBX 522.36 ($6.82).
HSBC Holdings plc (LON:HSBA) traded down 1.94% during midday trading on Thursday, hitting GBX 577.30. 35,195,122 shares of the stock were exchanged. The firm’s 50-day moving average price is GBX 555.32 and its 200 day moving average price is GBX 477.19. The firm’s market capitalization is GBX 102.98 billion. HSBC Holdings plc has a 1-year low of GBX 392.37 and a 1-year high of GBX 594.50.
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In other news, insider Evans,Lord acquired 1,754 shares of the firm’s stock in a transaction on Wednesday, August 31st. The shares were purchased at an average price of GBX 566 ($7.39) per share, for a total transaction of £9,927.64 ($12,958.67).
About HSBC Holdings plc
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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