HSBC (LON:HSBA) had its target price hoisted by research analysts at Berenberg Bank from GBX 600 ($8.43) to GBX 680 ($9.55) in a research note issued on Monday. The firm currently has a “hold” rating on the financial services provider’s stock. Berenberg Bank’s price target points to a potential downside of 9.36% from the company’s previous close.
Several other research firms have also commented on HSBA. Shore Capital restated a “sell” rating on shares of HSBC in a research report on Monday, October 30th. UBS Group set a GBX 725 ($10.18) price objective on HSBC and gave the stock a “neutral” rating in a research report on Monday, January 15th. Royal Bank of Canada set a GBX 720 ($10.11) price objective on HSBC and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Barclays restated an “equal weight” rating and issued a GBX 700 ($9.83) price objective on shares of HSBC in a research report on Tuesday, October 31st. Finally, JPMorgan Chase & Co. set a GBX 690 ($9.69) price objective on HSBC and gave the stock a “neutral” rating in a research report on Wednesday, November 29th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. HSBC presently has a consensus rating of “Hold” and a consensus price target of GBX 754 ($10.59).
Shares of HSBC (HSBA) opened at GBX 750.20 ($10.54) on Monday. HSBC has a 52-week low of GBX 518.17 ($7.28) and a 52-week high of GBX 798.60 ($11.21). The company has a market capitalization of $149,230.00 and a P/E ratio of 3,948.42.
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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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