HSBC Holdings (LON:HSBA) Rating Reaffirmed
The brokerage firm has just set a target price of GBX 550 on HSBC Holdings (LON:HSBA) shares. This is 9.26% from the current stock price. In an interesting research report sent to investors and clients on 15 December, Bernstein has reaffirmed their “Market Perform” rating on shares of HSBA.
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 19.39% above today’s (GBX 505.6) 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 6.13 million shares of stock traded hands. HSBC Holdings plc (LON:HSBA) has declined 20.12% since May 18, 2015 and is downtrending. It has underperformed by 16.44% the S&P500.
HSBC Holdings plc is the banking and financial services company. The company has a market cap of 100.01 billion GBP. The Company’s principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. It has 10.63 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).