HSBC Holdings (LON:HSBA) Rating Reaffirmed
HSBC Holdings (LON:HSBA) just had their share rating of a ‘”Market Perform”‘ issued by research analysts at Bernstein, who now has a GBX 550 target price per share on the 101.56B GBP market cap company or a 5.08% upside potential. This key information was revealed to clients and investors in recent note on Friday morning.
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 11.21 while the lowest target price is GBX 6.73. The mean of all analyst targets is GBX 8.69 with a 15.22% above today’s (GBX 523.9) stock price. HSBC Holdings PLC was the topic of 74 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. AlphaValue maintained shares on December 3 with “Buy” rating. Berenberg maintained shares with “Buy” rating and GBX 750 target share price in a report from a November 25. Societe Generale maintained HSBA stock in a recent report from December 1 with “Buy” rating. Nomura maintained the rating on November 23. Nomura has a “Neutral” rating and a GBX 585 price target on shares. Finally, BNP Paribas maintained the stock with “Neutral” rating in a report issued on a November 26.
Approximately 6.95 million shares of stock traded hands. HSBC Holdings plc (LON:HSBA) has declined 16.44% since May 7, 2015 and is downtrending. It has underperformed by 13.65% the S&P500.
HSBC Holdings plc is the banking and financial services company. The company has a market cap of 101.54 billion GBP. The Company’s principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. It has 11.02 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).