Published On: Tue, Sep 6th, 2016

HSBC Holdings plc’s (HSBA) Hold Rating Reiterated at Deutsche Bank AG

HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating reiterated by Deutsche Bank AG in a research report issued on Tuesday. They currently have a GBX 525 ($6.99) price target on the stock. Deutsche Bank AG‘s price target suggests a potential downside of 9.73% from the company’s previous close.
In other HSBC Holdings plc news, insider Evans,Lord bought 1,754 shares of HSBC Holdings plc stock in a transaction on Wednesday, August 31st. The stock was acquired at an average price of GBX 566 ($7.54) per share, with a total value of £9,927.64 ($13,222.75).
Several other equities analysts have also issued reports on HSBA. JPMorgan Chase & Co. lowered HSBC Holdings plc to an “underweight” rating and reduced their price target for the stock from GBX 580 ($7.73) to GBX 500 ($6.66) in a research report on Wednesday, June 1st. Beaufort Securities reiterated a “buy” rating on shares of HSBC Holdings plc in a report on Thursday, August 4th. Morgan Stanley set a GBX 415 ($5.53) price objective on HSBC Holdings plc and gave the stock a “sell” rating in a report on Wednesday, June 8th. Independent Research GmbH set a GBX 470 ($6.26) price objective on HSBC Holdings plc and gave the stock a “neutral” rating in a report on Monday, May 9th. Finally, Investec cut HSBC Holdings plc to a “hold” rating and set a GBX 450 ($5.99) price objective for the company. in a report on Friday, June 3rd. Four research 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 an average price target of GBX 520.62 ($6.93).

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Shares of HSBC Holdings plc (LON:HSBA) opened at 581.60 on Tuesday. The company’s market cap is GBX 103.75 billion. The company’s 50-day moving average price is GBX 526.91 and its 200 day moving average price is GBX 466.32. HSBC Holdings plc has a one year low of GBX 392.37 and a one year high of GBX 588.30.
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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