HSBC Holdings (LON:HSBA) Rating Reaffirmed
They currently have a GBX 615 target PPS on HSBC Holdings (LON:HSBA). The target price by RBC Capital Markets would suggest a potential upside of 15.17% from the company’s price per share. This has been released in an interesting research report on Friday, 27 November.
From a total of 24 analysts covering HSBC Holdings PLC (LON:HSBA) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 12 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 750 while the lowest target price is GBX 487. The mean of all analyst targets is GBX 602.97 with a 12.71% above today’s (GBX 534.98) stock price. HSBC Holdings PLC was the topic of 70 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 27 with “Sector Perform” rating. Nomura maintained shares with “Neutral” rating and GBX 585 target share price in a report from a November 23. Deutsche Bank maintained HSBA stock in a recent report from November 25 with “Hold” rating. Morgan Stanley maintained the rating on November 20. Morgan Stanley has a “Equal Weight” rating and a GBX 545 price target on shares. Finally, Berenberg maintained the stock with “Buy” rating in a report issued on a November 25.
The stock decreased 0.93% or GBX 5.02 on November 27, striking GBX 534.98. Approximately 16.29M shares of stock traded hands. HSBC Holdings plc (LON:HSBA) has declined 17.24% since May 1, 2015 and is downtrending. It has underperformed by 16.34% the S&P500.
HSBC Holdings plc is the banking and financial services company. The company has a market cap of 105.54 billion GBP. The Company’s principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. It has 11.22 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).