HSBC Holdings (LON:HSBA) Rating Reaffirmed
The broker has just set a price target of GBX 487 on HSBC Holdings (LON:HSBA) shares. This is -8.80% from the close price. In a note shared with investors on Monday, 21 December, Natixis kept steady their Neutral rating on shares of HSBA.
From a total of 23 analysts covering HSBC Holdings PLC (LON:HSBA) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is GBX 11.25 while the lowest target price is GBX 6.75. The mean of all analyst targets is GBX 8.72 with a 13.25% above today’s (GBX 533) stock price. HSBC Holdings PLC was the topic of 81 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 17 with “Hold” 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.
Approximately 2.32M shares of stock traded hands. HSBC Holdings plc (LON:HSBA) has declined 14.73% since May 22, 2015 and is downtrending. It has underperformed by 8.92% the S&P500.
HSBC Holdings plc is the banking and financial services company. The company has a market cap of 104.91 billion GBP. The Company’s principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. It has 11.03 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).