HSBC Holdings plc Stock Receives Buy Rating Reiteration with GBX 750 Price Target

HSBC Holdings plc (LON:HSBA) has had its buy rating reissued by analysts at Berenberg Bank in a research note issued to investors on Wednesday. Berenberg Banks target price points to a potential upside of 41.71% from the stocks current price. This is not the only rating reiteration for HSBC Holdings plc, as several other equities analysts have commented on the stock in recent weeks. JPMorgan Chase & Co. restated a neutral rating and set a GBX 640 ($9.68) price objective on shares of HSBC Holdings plc. Investec reiterated a buy rating and issued a GBX 635 ($9.61) target price on shares of HSBC Holdings plc.

Key Takeaways:

• HSBC Holdings plc (LON:HSBA) has a buy rating reiteration from Berenberg Bank, with a GBX 750 ($11.34) price target.
• Analysts at Berenberg Bank see a potential upside of 41.71% from the stocks current price.
• Several other equities analysts have also commented on HSBC Holdings plc in recent weeks, including JPMorgan Chase & Co.
• HSBC Holdings plc operates in four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).
• The company has a 52 week low of GBX 478.35 and a 52 week high of GBX 674.57.

Statistics:

• Potential upside: 41.71% from the stocks current price.
• Average price target: GBX 617.71 ($9.34).
• Average rating: Hold.
• 1 equities research analyst has rated the stock with a sell rating, 19 have issued a hold rating, and 10 have issued a buy rating.
• Market capitalization: GBX 110.88 billion.
• 50-day moving average: GBX 519.52.
• 200-day moving average: GBX 553.04.

Sources:

• MarketBeat
• Berenberg Bank
• JPMorgan Chase & Co.
• Investec
• Nomura
• Beaufort Securities
• Deutsche Bank