HSBC Holdings plc (HSBA.L) (LON:HSBA)‘s stock had its “sell” rating reissued by investment analysts at Deutsche Bank Aktiengesellschaft in a report issued on Tuesday, AnalystRatings.net reports. They currently have a GBX 390 ($5.10) target price on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential downside of 3.95% from the stock’s current price.
HSBA has been the topic of several other reports. Jefferies Financial Group set a GBX 400 ($5.23) target price on HSBC Holdings plc (HSBA.L) and gave the stock a “neutral” rating in a report on Tuesday, October 27th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reaffirmed a “neutral” rating on shares of HSBC Holdings plc (HSBA.L) in a report on Monday, October 12th. Shore Capital reissued a “hold” rating on shares of HSBC Holdings plc (HSBA.L) in a report on Tuesday, October 27th. Barclays reissued a “sell” rating and issued a GBX 400 ($5.23) price objective on shares of HSBC Holdings plc (HSBA.L) in a report on Tuesday. Finally, Berenberg Bank reissued a “hold” rating and issued a GBX 380 ($4.96) price objective on shares of HSBC Holdings plc (HSBA.L) in a report on Wednesday, October 28th. Eight analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. HSBC Holdings plc (HSBA.L) presently has an average rating of “Hold” and an average price target of GBX 410 ($5.36).
Shares of LON:HSBA opened at GBX 406.05 ($5.31) on Tuesday. HSBC Holdings plc has a 52-week low of GBX 281.50 ($3.68) and a 52-week high of GBX 599 ($7.83). The stock has a market cap of £82.71 billion and a price-to-earnings ratio of -36.65. The business has a 50-day moving average price of GBX 398.01 and a 200-day moving average price of GBX 353.96.
In other news, insider Noel Quinn bought 88,908 shares of the firm’s stock in a transaction dated Monday, November 9th. The shares were acquired at an average price of GBX 338 ($4.42) per share, for a total transaction of £300,509.04 ($392,616.98).
HSBC Holdings plc (HSBA.L) Company Profile
HSBC Holdings plc provides banking and financial products and services worldwide. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services, including insurance and investment products, global asset management services, and financial planning services.
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