HSBC Holdings plc (HSBA) Given Hold Rating at Berenberg Bank
HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating restated by investment analysts at Berenberg Bank in a report issued on Wednesday. They currently have a GBX 600 ($8.09) price target on the financial services provider’s stock. Berenberg Bank’s price target suggests a potential downside of 17.47% from the company’s previous close.
HSBA has been the subject of a number of other research reports. Investec lowered shares of HSBC Holdings plc to a “sell” rating and set a GBX 640 ($8.63) target price for the company. in a research report on Monday, June 12th. Citigroup Inc. reissued a “buy” rating and set a GBX 850 ($11.46) target price on shares of HSBC Holdings plc in a research report on Tuesday, August 22nd. Jefferies Group LLC initiated coverage on shares of HSBC Holdings plc in a research report on Monday, September 4th. They set a “buy” rating and a GBX 920 ($12.40) target price for the company. Goldman Sachs Group, Inc. (The) set a GBX 740 ($9.98) target price on shares of HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Friday, June 16th. Finally, Morgan Stanley set a GBX 850 ($11.46) target price on shares of HSBC Holdings plc and gave the stock a “buy” rating in a research report on Monday, July 17th. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of GBX 702.90 ($9.48).
Shares of HSBC Holdings plc (HSBA) traded down 0.61% during mid-day trading on Wednesday, hitting GBX 722.60. The stock had a trading volume of 7,545,468 shares. The firm’s 50 day moving average price is GBX 742.94 and its 200-day moving average price is GBX 695.97. HSBC Holdings plc has a one year low of GBX 518.17 and a one year high of GBX 772.00. The company’s market cap is GBX 146.47 billion.
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In other news, insider Jonathan Symonds acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were purchased at an average cost of GBX 766 ($10.33) per share, with a total value of £76,600 ($103,276.26). Also, insider Stuart Thomson Gulliver sold 138,143 shares of the company’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of GBX 732 ($9.87), for a total transaction of £1,011,206.76 ($1,363,363.57). Insiders have acquired 27,145 shares of company stock worth $20,295,156 over the last ninety 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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