November 25, 2016 - By Adrian Mccoy
Berenberg currently has a GBX 600.00 target on the 126.84B GBP market cap company or -6.28% downside potential. In a research report issued to clients and investors on 25 November, HSBC Holdings PLC (LON:HSBA) stock had its Buy Rating reconfirmed by stock research analysts at Berenberg.
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 547.69 average target is -14.45% below today’s (GBX 640.2) stock price. HSBC Holdings PLC has been the topic of 218 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Wednesday, February 17 by Berenberg. The stock of HSBC Holdings plc (LON:HSBA) has “Buy” rating given on Monday, February 15 by Investec. BNP Paribas maintained it with “Neutral” rating and GBX 400 target price in Wednesday, July 20 report. The stock has “Buy” rating given by Societe Generale on Tuesday, December 1. The stock of HSBC Holdings plc (LON:HSBA) has “Buy” rating given on Tuesday, February 23 by UBS. The firm has “Market Perform” rating by Bernstein given on Thursday, January 7. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, October 26. The stock of HSBC Holdings plc (LON:HSBA) has “Equal Weight” rating given on Monday, January 11 by Barclays Capital. The company was maintained on Thursday, September 22 by BNP Paribas. Berenberg maintained it with “Buy” rating and GBX 600 target price in Friday, November 25 report.
It is down 36.99% since April 28, 2016 and is uptrending. It has outperformed by 31.58% the S&P500.
HSBC Holdings plc is the banking and financial services company. The company has a market cap of 126.84 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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By Adrian Mccoy