HSBC Holdings (LON:HSBA) Rating Reaffirmed
London: In an interesting research report shared with investors and clients on Thursday morning, AlphaValue has decided to restate their “Buy” rating on HSBC Holdings (LON:HSBA) shares. They now have a GBX 619 price target on the firm. AlphaValue’s target would now indicate a potential upside of 14.10% from the company’s last close price.
From a total of 23 analysts covering HSBC Holdings PLC (LON:HSBA) stock, 11 rate it a ”Buy”, 3 a “Sell”, and 14 a ”Hold”. This means that 39% of the ratings are positive. The highest target price is GBX 11.34 while the lowest target price is GBX 6.81. The mean of all analyst targets is GBX 8.79 with a 11.06% above today’s (GBX 542.9) stock price. HSBC Holdings PLC was the topic of 73 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 2 with “Hold” rating. Nomura maintained shares with “Neutral” rating and GBX 585 target share price in a report from a November 23. RBC Capital Markets maintained HSBA stock in a recent report from November 27 with “Sector Perform” rating. Morgan Stanley maintained the rating on November 20. Morgan Stanley has a “Equal Weight” rating and a GBX 545 price target on shares. Finally, Berenberg maintained the stock with “Buy” rating in a report issued on a November 25.
Approximately 3.91 million shares of stock traded hands. HSBC Holdings plc (LON:HSBA) has declined 14.53% since May 6, 2015 and is downtrending. It has underperformed by 14.24% the S&P500.
HSBC Holdings plc is the banking and financial services company. The company has a market cap of 107.15 billion GBP. The Company’s principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. It has 11.27 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).