November 24, 2016 - By Richard Conner
They currently have a GBX 579.00 TP on Hsbc Holdings (LON:HSBA). Deutsche’s target would suggest a potential downside of -9.49% from the company’s stock close price. This was released in a research note on 24 November.
Out of 26 analysts covering HSBC Holdings PLC (LON:HSBA), 8 rate it a “Buy”, 5 “Sell”, while 13 “Hold”. This means 31% are positive. GBX 750 is the highest target while GBX 6.5 is the lowest. The GBX 547.26 average target is -14.42% below today’s (GBX 639.5) stock price. HSBC Holdings PLC has been the topic of 215 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Berenberg maintained the stock with “Buy” rating in Tuesday, March 15 report. Nomura maintained the shares of HSBA in a report on Monday, November 23 with “Neutral” rating. RBC Capital Markets maintained HSBC Holdings plc (LON:HSBA) on Friday, November 13 with “Sector Perform” rating. The stock has “Neutral” rating given by BNP Paribas on Thursday, November 26. Deutsche Bank maintained HSBC Holdings plc (LON:HSBA) rating on Wednesday, November 25. Deutsche Bank has “Hold” rating and GBX 580 price target. As per Thursday, October 1, the company rating was maintained by Berenberg. The firm has “Reduce” rating by AlphaValue given on Monday, November 7. The stock of HSBC Holdings plc (LON:HSBA) has “Hold” rating given on Wednesday, May 4 by Deutsche Bank. The company was maintained on Monday, December 21 by Natixis. The company was maintained on Wednesday, November 25 by Berenberg.
About 9.65 million shares traded hands. HSBC Holdings plc (LON:HSBA) has risen 37.72% since April 27, 2016 and is uptrending. It has outperformed by 32.31% the S&P500.
HSBC Holdings plc is the banking and financial services company. The company has a market cap of 126.71 billion GBP. The Firm manages its services and products through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It currently has negative earnings. The Firm operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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