Today Deutsche Bank Keeps a “Hold” Rating on HSBC Holdings PLC (LON:HSBA) and a GBX 580.00 Target Price

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HSBC Holdings PLC (LON:HSBA) Rating Reaffirmed

In a recent report sent to investors and clients on 14 December, The “Hold” rating of HSBC Holdings PLC (LON:HSBA) shares was reiterated by Analysts at Deutsche Bank, who now has a GBX 580.00 PT on the stock. Deutsche Bank’s PT may imply a possible upside of 15.43% from the last close price of the company.

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 11.39 while the lowest target price is GBX 6.83. The mean of all analyst targets is GBX 8.82 with a 19.49% above today’s (GBX 505.2) stock price. HSBC Holdings PLC was the topic of 79 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 14 with “Hold” rating. AlphaValue maintained shares with “Buy” rating and GBX 619 target share price in a report from a December 3. J.P. Morgan maintained HSBA stock in a recent report from December 7 with “Neutral” rating. Societe Generale maintained the rating on December 1. Societe Generale has a “Buy” rating and a GBX 630 price target on shares. Finally, Bernstein maintained the stock with “Market Perform” rating in a report issued on a December 4.

Approximately 4.02M shares of stock traded hands. HSBC Holdings plc (LON:HSBA) has declined 19.27% since May 15, 2015 and is downtrending. It has underperformed by 14.86% the S&P500.

Today Deutsche Bank Keeps a

HSBC Holdings plc is the banking and financial services company. The company has a market cap of 99.43 billion GBP. The Company’s principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. It has 10.64 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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