A statement released earlier today by JP Morgan Cazenove about HSBC Holdings PLC (LON:HSBA) maintains the target price at 460.00GBX
- Updated: September 18, 2016
JP Morgan Cazenove held the estimated target of HSBC Holdings PLC (LON:HSBA) at 460GBX, reporting a possible downside of -0.11%.
Previously on Tuesday August 2 2016, Berenberg Bank reported about HSBC Holdings PLC(LON:HSBA) bumped the target price from 0.00GBX to 600.00GBX that suggested an upside of 0.24%.
Displaying a price of 514.65GBX, HSBC Holdings PLC (LON:HSBA) traded 0.93% lower on the day. The last stock price is up 19.47% relative to the 200-day moving average, compared to the S&P 500 Index which has fallen -0.01% over the date range. The company has been tracking to a 50-day moving average of 545.02GBX and 200-day average of 474.12GBX. 49,442,167 shares of the stock traded hands, up from ann avg. volume of 34,853,200
HSBC Holdings PLC has a P/E of 12 with a 52 week low of 392.37GBX and a one-year high of 588.30GBX. The company’s market cap is presently 0.0 GBX.
A total of 22 analysts have released a report on HSBC Holdings PLC. Three firms rate the stock a strong buy, six analysts rate the stock a buy, nine analyts rate the stock a hold, five firms rate the stock to underperform, and lastly two firmsrate the stock as sell with a 12-month target price of 6.21GBX
Brief Synopsis About 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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