HSBC Holdings plc (LON:HSBA) had its price objective upped by investment analysts at Deutsche Bank AG from GBX 640 ($8.36) to GBX 695 ($9.08) in a report released on Tuesday. The brokerage presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank AG’s price target suggests a potential downside of 5.70% from the company’s current price.

Several other analysts also recently weighed in on HSBA. UBS AG set a GBX 630 ($8.23) target price on HSBC Holdings plc and gave the company a “neutral” rating in a research note on Thursday, May 4th. Morgan Stanley set a GBX 850 ($11.10) target price on HSBC Holdings plc and gave the company a “buy” rating in a research note on Monday. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 630 ($8.23) target price on shares of HSBC Holdings plc in a research note on Thursday, July 6th. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a GBX 740 ($9.66) target price on shares of HSBC Holdings plc in a research note on Friday, June 9th. Finally, Berenberg Bank downgraded HSBC Holdings plc to a “hold” rating and set a GBX 600 ($7.83) target price on the stock. in a research note on Tuesday, July 4th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 662.80 ($8.66).

HSBC Holdings plc (LON:HSBA) opened at 739.70 on Tuesday. The company’s 50-day moving average price is GBX 682.45 and its 200-day moving average price is GBX 668.04. The firm’s market cap is GBX 144.70 billion. HSBC Holdings plc has a one year low of GBX 473.65 and a one year high of GBX 748.90.

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In other news, insider Douglas J. Flint sold 150,000 shares of HSBC Holdings plc stock in a transaction on Friday, May 5th. The stock was sold at an average price of GBX 661 ($8.63), for a total transaction of £991,500 ($1,294,724.47). Also, insider Lord Evans purchased 2,239 shares of the stock in a transaction dated Friday, May 19th. The shares were acquired at an average price of GBX 666 ($8.70) per share, for a total transaction of £14,911.74 ($19,472.11). Insiders have bought 2,306 shares of company stock worth $1,535,938 in the last quarter.

About HSBC Holdings plc

HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

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