HSBC Holdings plc (HSBA) Given a GBX 579 Price Target by Deutsche Bank AG Analysts
HSBC Holdings plc (LON:HSBA) has been given a GBX 579 ($7.04) target price by Deutsche Bank AG in a note issued to investors on Friday. The brokerage currently has a “neutral” rating on the stock. Deutsche Bank AG’s target price points to a potential downside of 13.98% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. BNP Paribas reissued a “neutral” rating and issued a GBX 540 ($6.57) price objective on shares of HSBC Holdings plc in a research report on Tuesday, November 8th. Natixis reissued a “neutral” rating and issued a GBX 672 ($8.17) price objective (up from GBX 478 ($5.81)) on shares of HSBC Holdings plc in a research report on Thursday, November 17th. AlphaValue reissued a “reduce” rating and issued a GBX 609 ($7.41) price objective on shares of HSBC Holdings plc in a research report on Monday, November 7th. Goldman Sachs Group, Inc. (The) set a GBX 650 ($7.90) price objective on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research report on Monday, October 24th. Finally, RBC Capital Markets set a GBX 590 ($7.17) price objective on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research report on Monday, October 24th. Four investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of GBX 576.96 ($7.02).
HSBC Holdings plc (LON:HSBA) traded up 0.71% during midday trading on Friday, hitting GBX 678.00. 14,993,014 shares of the stock were exchanged. The firm’s 50 day moving average price is GBX 650.85 and its 200 day moving average price is GBX 576.09. The company’s market cap is GBX 132.91 billion. HSBC Holdings plc has a 12 month low of GBX 392.37 and a 12 month high of GBX 681.30.
COPYRIGHT VIOLATION WARNING: This article was originally posted by Watch List News and is owned by of Watch List News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States & international trademark & copyright legislation. The original version of this article can be read at http://www.watchlistnews.com/hsbc-holdings-plc-hsba-given-a-gbx-579-price-target-by-deutsche-bank-ag-analysts/1060066.html.
In other HSBC Holdings plc news, insider Marc Moses bought 20,305 shares of HSBC Holdings plc stock in a transaction dated Monday, November 14th. The stock was acquired at an average cost of GBX 620 ($7.54) per share, for a total transaction of £125,891 ($153,096.19). Also, insider Iain Mackay sold 87,100 shares of the stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of GBX 652 ($7.93), for a total transaction of £567,892 ($690,614.13).
HSBC Holdings plc Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services 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).
Receive News & Ratings for HSBC Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC Holdings plc and related companies with Analyst Ratings Network's FREE daily email newsletter.