Today’s Rating Change: Credit Suisse Will Now Analyze Hsbc Holdings (LON:HSBA); Has GBX 600.00 Target

November 29, 2016 - By Nellie Frank

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

Stock research analysts at Credit Suisse initiated coverage on Hsbc Holdings (LON:HSBA) with a “Neutral” rating. The target for HSBA is set to GBX 600.00. It gives a potential downside of -4.90% from firm’s close price.

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 -12.96% below today’s (GBX 631.74) stock price. HSBC Holdings PLC has been the topic of 219 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The stock of HSBC Holdings plc (LON:HSBA) has “Hold” rating given on Tuesday, August 16 by Deutsche Bank. The rating was downgraded by JP Morgan to “Underweight” on Wednesday, January 6. The company was maintained on Thursday, June 30 by Deutsche Bank. The rating was maintained by Investec on Thursday, July 23 with “Buy”. The stock of HSBC Holdings plc (LON:HSBA) earned “Market Perform” rating by Bernstein on Monday, September 7. Deutsche Bank maintained the stock with “Hold” rating in Monday, October 5 report. The rating was upgraded by Bank of America on Thursday, September 10 to “Neutral”. Barclays Capital maintained the stock with “Equal Weight” rating in Thursday, October 6 report. JP Morgan maintained it with “Neutral” rating and GBX 460 target price in Tuesday, July 26 report. The stock of HSBC Holdings plc (LON:HSBA) has “Buy” rating given on Monday, November 2 by UBS.

The stock decreased 0.17% or GBX 1.06 on November 29, hitting GBX 631.74. About 24.19M 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 125.73 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 which published an article titled: “Form 6-K HSBC HOLDINGS PLC For: Nov 28” on November 28, 2016.

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