Published On: Sun, Sep 11th, 2016

HSBC Holdings plc (HSBA) Rating Reiterated by Deutsche Bank AG

HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating reissued by Deutsche Bank AG in a note issued to investors on Tuesday, reports. They presently have a GBX 525 ($6.99) price objective on the stock. Deutsche Bank AG’s target price indicates a potential downside of 9.17% from the stock’s current price.
A number of other brokerages also recently commented on HSBA. BNP Paribas upped their price objective on HSBC Holdings plc from GBX 400 ($5.33) to GBX 540 ($7.19) and gave the stock a “neutral” rating in a research note on Monday, August 8th. Berenberg Bank restated a “buy” rating and set a GBX 600 ($7.99) price objective on shares of HSBC Holdings plc in a research note on Monday, May 16th. Beaufort Securities restated a “buy” rating on shares of HSBC Holdings plc in a research note on Thursday, August 4th. Societe Generale restated a “buy” rating on shares of HSBC Holdings plc in a research note on Friday, June 17th. Finally, Citigroup Inc. set a GBX 515 ($6.86) price target on HSBC Holdings plc and gave the stock a “buy” rating in a research note on Thursday, July 28th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and nine have assigned a buy rating to the stock. HSBC Holdings plc has a consensus rating of “Hold” and a consensus target price of GBX 522.36 ($6.96).
HSBC Holdings plc (LON:HSBA) traded up 0.82% on Tuesday, hitting GBX 578.00. The stock had a trading volume of 37,960,235 shares. The stock has a 50-day moving average of GBX 535.05 and a 200-day moving average of GBX 469.50. The company’s market cap is GBX 103.11 billion. HSBC Holdings plc has a one year low of GBX 392.37 and a one year high of GBX 588.30.

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In other HSBC Holdings plc news, insider Evans,Lord acquired 1,754 shares of HSBC Holdings plc stock in a transaction that occurred on Wednesday, August 31st. The stock was purchased at an average cost of GBX 566 ($7.54) per share, with a total value of £9,927.64 ($13,222.75).
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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