HSBC Holdings plc (LON:HSBA) PT Raised to GBX 695 at Deutsche Bank AG
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.
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