Breaking: HSBC Holdings PLC (LON:HSBA) “Buy” Rating Has Been Reiterated by research analysts Berenberg Today; The TP Given is GBX 750.00

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HSBC Holdings PLC (LON:HSBA) Rating Reaffirmed

In a recent research report revealed this morning, Berenberg has restated their “Buy” rating on HSBC Holdings PLC (LON:HSBA) shares. The Estimated Target Price suggests a possible upside of 42.45% from 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 11.21 while the lowest target price is GBX 6.73. The mean of all analyst targets is GBX 8.69 with a 14.91% above today’s (GBX 525.31) stock price. HSBC Holdings PLC was the topic of 75 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 4 with “Market Perform” rating. BNP Paribas maintained shares with “Neutral” rating and GBX 540 target share price in a report from a November 26. Deutsche Bank maintained HSBA stock in a recent report from December 2 with “Hold” rating. Berenberg maintained the rating on November 25. Berenberg has a “Buy” rating and a GBX 750 price target on shares. Finally, RBC Capital Markets maintained the stock with “Sector Perform” rating in a report issued on a November 27.

Approximately 609,492 shares of stock traded hands. HSBC Holdings plc (LON:HSBA) has declined 18.37% since May 8, 2015 and is downtrending. It has underperformed by 17.30% the S&P500.

Breaking: HSBC Holdings PLC (LON:HSBA)

HSBC Holdings plc is the banking and financial services company. The company has a market cap of 103.22 billion GBP. The Company’s principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. It has 11.05 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).

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