HSBC Holdings plc (HSBA) Rating Reiterated by Deutsche Bank AG
HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating reissued by analysts at Deutsche Bank AG in a research report issued on Tuesday. They currently have a GBX 737 ($9.94) price objective on the financial services provider’s stock. Deutsche Bank AG’s price objective would indicate a potential upside of 2.55% from the stock’s previous close.
A number of other analysts have also issued reports on HSBA. Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and issued a GBX 740 ($9.98) target price on shares of HSBC Holdings plc in a report on Tuesday, May 30th. Investec lowered HSBC Holdings plc to a “sell” rating and set a GBX 640 ($8.63) target price on the stock. in a report on Monday, June 12th. Citigroup Inc. reaffirmed a “buy” rating and issued a GBX 725 ($9.77) target price on shares of HSBC Holdings plc in a report on Friday, June 16th. UBS AG set a GBX 680 ($9.17) target price on HSBC Holdings plc and gave the company a “neutral” rating in a report on Wednesday, June 28th. Finally, Morgan Stanley raised HSBC Holdings plc to an “overweight” rating and raised their target price for the company from GBX 745 ($10.04) to GBX 850 ($11.46) in a report on Thursday, June 29th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 702.90 ($9.48).
HSBC Holdings plc (LON:HSBA) opened at 718.70 on Tuesday. The firm’s market capitalization is GBX 145.68 billion. HSBC Holdings plc has a 12 month low of GBX 518.17 and a 12 month high of GBX 772.00. The firm has a 50 day moving average price of GBX 743.38 and a 200-day moving average price of GBX 695.52.
In other HSBC Holdings plc news, insider Jonathan Symonds acquired 10,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was purchased at an average price of GBX 766 ($10.33) per share, for a total transaction of £76,600 ($103,276.26). Also, insider Marc Moses acquired 17,083 shares of the business’s stock in a transaction on Monday, August 14th. The stock was acquired at an average price of GBX 737 ($9.94) per share, with a total value of £125,901.71 ($169,747.49). Insiders have purchased a total of 27,145 shares of company stock valued at $20,295,156 in the last 90 days.
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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