HSBC Holdings (LON:HSBA) Rating Reaffirmed
Recently, In analysts report shared with investors on Tuesday morning, HSBC Holdings (LON:HSBA) shares have had their Neutral Rating has reaffirmed by expert analysts at Natixis, who currently has a GBX 487 target on firm. This target by Natixis may suggest the possibile downside of -5.47% from the last price.
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 11.21 while the lowest target price is GBX 6.73. The mean of all analyst targets is GBX 8.69 with a 17.18% above today’s (GBX 515.15) stock price. HSBC Holdings PLC was the topic of 77 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. J.P. Morgan maintained shares on December 7 with “Neutral” rating. Societe Generale maintained shares with “Buy” rating and GBX 630 target share price in a report from a December 1. Bernstein maintained HSBA stock in a recent report from December 4 with “Market Perform” rating. RBC Capital Markets maintained the rating on November 27. RBC Capital Markets has a “Sector Perform” rating and a GBX 615 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a December 2.
Approximately 4.53M shares of stock traded hands. HSBC Holdings plc (LON:HSBA) has declined 17.51% since May 11, 2015 and is downtrending. It has underperformed by 16.91% the S&P500.
HSBC Holdings plc is the banking and financial services company. The company has a market cap of 101.70 billion GBP. The Company’s principal activities include making payments, holding savings, enabling trade, providing finance and managing risks. It has 10.84 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).