HSBC Holdings (LON:HSBA) was downgraded by equities researchers at Grupo Santander to an “underweight” rating in a research report issued on Monday, American Banking News reports. They currently have a GBX 690 ($11.05) price objective on the stock. Grupo Santander’s target price points to a potential upside of 0.12% from the company’s current price.
A number of other firms have also recently commented on HSBA. Analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC Holdings (LON:HSBA) in a research note to investors on Monday. They now have a GBX 730 ($11.69) price target on the stock. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC Holdings (LON:HSBA) in a research note to investors on Thursday. They now have a GBX 790 ($12.65) price target on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of HSBC Holdings (LON:HSBA) from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a GBX 800 ($12.81) price target on the stock.
Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of GBX 767.72 ($12.30).
Shares of HSBC Holdings (LON:HSBA) opened at 690.50 on Monday. HSBC Holdings has a 1-year low of GBX 568.00 and a 1-year high of GBX 772.50. The stock’s 50-day moving average is GBX 702.3 and its 200-day moving average is GBX 709.2. The company’s market cap is £126.0 billion.
HSBC Holdings plc is a banking and financial services organization. It serves around 89 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking.
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