Today Deutsche Bank Reiterates 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

Researchers at Deutsche Bank now has a GBX 580.00 target price on HSBC Holdings PLC (LON:HSBA). Deutsche Bank and their recent target price would possibly suggest a potential upside of 11.27% from the company’s price per share. The rating has been shown in an analyst note on Thursday, 17 December.

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 11.36 while the lowest target price is GBX 6.81. The mean of all analyst targets is GBX 8.8 with a 15.91% above today’s (GBX 520.8) stock price. HSBC Holdings PLC was the topic of 80 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Bernstein maintained shares on December 15 with “Market Perform” rating. AlphaValue maintained shares with “Buy” rating and GBX 619 target share price in a report from a December 3. Natixis maintained HSBA stock in a recent report from December 8 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, Berenberg maintained the stock with “Buy” rating in a report issued on a December 7.

The stock closed the day at GBX 520.8 during the previous session. It is down 16.39% since May 20, 2015 and is downtrending. It has underperformed by 14.13% the S&P500.

Today Deutsche Bank Reiterates a

HSBC Holdings plc is the banking and financial services company. The company has a market cap of 101.40 billion GBP. The Company’s principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. It has 10.88 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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