A statement released earlier today by Morgan Stanley about HSBC Holdings PLC (LON:HSBA) bumps the target price to 450.00GBX
- Updated: October 8, 2016
Having a price of 604.95GBX, HSBC Holdings PLC (LON:HSBA) traded 2.80% higher on the day. With the last stock price up 26.97% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. HSBA has recorded a 50-day average of 570.19GBX and a two hundred day average of 487.89GBX. Trade Volume was up over the average, with 49,862,661 shares of HSBA changing hands over the typical 31,495,000
In a report issued Thursday October 06, 2016 Morgan Stanley raised the target price of HSBC Holdings PLC (LON:HSBA) from 438.00GBX to 450.00GBX stating a potential downside of -0.26%.
On Tuesday October 04, 2016, Exane BNP Paribas released a statement about HSBC Holdings PLC (LON:HSBA) maintained the target price at 540.00GBX that suggested a downside of -0.09%.
Recent Performance Chart
HSBC Holdings PLC has price-earnings ratio of 12.83 with a one year low of 392.37GBX and a 52 week high of 620.20GBX and has a market cap of 0 GBX.
In addition to Morgan Stanley reporting its stock price target, a total of 22 brokers have issued a research note on the company. The average stock price target is 6.21GBX with 3 brokers rating the stock a strong buy, 6 brokers rating the stock a buy, 9 brokers rating the stock a hold, 5 brokers rating the stock a underperform, and finally 2 brokers rating the stock a sell.
General Information 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, 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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