November 25, 2016 - By Clifton Ray
The company have set target price of GBX 600.00 on Hsbc Holdings (LON:HSBA) shares. This is -6.38% from the last stock close. In an analyst report revealed to investors and clients on Friday morning, Berenberg Bank kept their Buy rating on shares of HSBA.
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 -14.52% below today’s (GBX 640.7) stock price. HSBC Holdings PLC has been the topic of 218 analyst reports since July 23, 2015 according to StockzIntelligence Inc. On Tuesday, August 16 the stock rating was maintained by Deutsche Bank with “Hold”. As per Monday, November 2, the company rating was maintained by Barclays Capital. The stock has “Neutral” rating given by BNP Paribas on Friday, November 18. On Friday, March 11 the stock rating was maintained by Bankhaus Lampe with “Buy”. Investec downgraded the shares of HSBA in a report on Friday, June 3 to “Hold” rating. Deutsche Bank maintained the stock with “Hold” rating in Monday, March 14 report. Goldman Sachs maintained it with “Neutral” rating and GBX 605 target price in Wednesday, April 27 report. On Tuesday, November 8 the stock rating was maintained by Barclays Capital with “Equal Weight”. The company was maintained on Wednesday, February 10 by Nomura. The company was maintained on Thursday, August 4 by JP Morgan.
About 5.79M shares traded hands. HSBC Holdings plc (LON:HSBA) has risen 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 126.94 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.
Another recent and important HSBC Holdings plc (LON:HSBA) news was published by Streetinsider.com which published an article titled: “Form 6-K HSBC HOLDINGS PLC For: Nov 25” on November 25, 2016.
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By Clifton Ray