A statement released earlier today by Deutsche Bank about HSBC Holdings PLC (LON:HSBA) maintains the target price at 525.00GBX
- Updated: September 16, 2016
Deutsche Bank held the estimated target of HSBC Holdings PLC (LON:HSBA) at 525GBX, indicating a possible downside of -0.08%.
Previously on Friday September 9 2016, Societe Generale reported on HSBC Holdings PLC(LON:HSBA) bumped the target price at 510.00GBX. At the time, this suggested a downside of -0.12%.
Only yesterday HSBC Holdings PLC (LON:HSBA) traded 0.93% lower at 573.00GBX. HSBA’s 50-day average is 545.02GBX and its two hundred day moving average is 474.12GBX. The last close is up 19.53% from the 200-day average, compared with the S&P 500 which has decreased -0.01% over the date range. Trading volume was was up over the average, with 49,442,167 shares of HSBA changing hands over the typical 34,853,200 shares..
See Graphic Below:
HSBC Holdings PLC has a 52 week low of 392.37GBX and a one-year high of 588.30GBX with a P/E ratio of 12. HSBA’s market capitalization is presently 0.0 GBX.
In addition to Deutsche Bank reporting it’s price target, a total of 22 analysts have reported on HSBC Holdings PLC. The consensus target stock price is 6.21GBX with three firms rating the stock a strong buy, six firms rating the stock a buy, nine analyts rating the stock a hold, five firms rating the stock to underperform, and finally two analystsrating the stock as sell.
Brief Synopsis On HSBC Holdings PLC (LON:HSBA)
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). The Company operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America. The Company’s RBWM business offers a range of personal banking and wealth management services to its customers. The Company’s CMB business offers a range of products and services to its commercial customers, including small and medium-sized enterprises, and mid-market enterprises. The Company’s GB&M business provides financial solutions to government, and corporate and institutional clients and private investors across the world. The Company’s GPB’s products and services include Investment Management and Private Wealth Solutions.
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