Rating Summary: Is HSBC Holdings PLC (LON:HSBA) a Stock to Watch After Credit Suisse Initiation?

November 29, 2016 - By olga

Why Credit Suisse Gives HSBC Holdings PLC (LON:HSBA) GBX 600.00 Price Target

In a a report revealed to investors today, Credit Suisse analysts began HSBC Holdings PLC (LON:HSBA) coverage with a Neutral rating, and a GBX 600.00 target.

HSBC Holdings plc (LON:HSBA) Ratings Coverage

Out of 27 analysts covering HSBC Holdings PLC (LON:HSBA), 8 rate it a “Buy”, 5 “Sell”, while 14 “Hold”. This means 30% are positive. GBX 750 is the highest target while GBX 6.5 is the lowest. The GBX 549.87 average target is -13.02% below today’s (GBX 632.2) stock price. HSBC Holdings PLC has been the topic of 219 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Tuesday, December 8, the company rating was maintained by Natixis. JP Morgan maintained the stock with “Underweight” rating in Tuesday, February 23 report. Investec maintained HSBC Holdings plc (LON:HSBA) rating on Wednesday, February 3. Investec has “Buy” rating and GBX 540 price target. As per Tuesday, November 8, the company rating was maintained by BNP Paribas. BNP Paribas maintained the shares of HSBA in a report on Friday, November 18 with “Neutral” rating. As per Tuesday, December 15, the company rating was maintained by Bernstein. On Friday, November 27 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The stock of HSBC Holdings plc (LON:HSBA) has “Buy” rating given on Tuesday, March 15 by Berenberg. Deutsche Bank maintained it with “Hold” rating and GBX 514 target price in Tuesday, August 16 report. On Monday, August 3 the stock rating was maintained by Nomura with “Neutral”.

About 4.69M shares traded hands. HSBC Holdings plc (LON:HSBA) has risen 39.85% since May 2, 2016 and is uptrending. It has outperformed by 34.59% the S&P500.

HSBC Holdings plc is the banking and financial services company. The company has a market cap of 125.82 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 28” on November 28, 2016.

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