Breaking Finance News

Barclays Capital announced HSBC Holdings PLC (LON:HSBA), upholding its stock price target at 550.00GBX today

In a report released on 10/06/2016 Barclays Capital hold steady the stock price target of HSBC Holdings PLC (LON:HSBA) from 550.00GBX to 550.00GBX reporting a possible downside of -0.09%.

Previously on Tuesday October 04, 2016, Exane BNP Paribas released a statement about HSBC Holdings PLC (LON:HSBA) held steady the target price at 540.00GBX. At the time, this indicated a possible downside of -0.09%.

Just yesterday HSBC Holdings PLC (LON:HSBA) traded 2.80% higher at 602.65GBX. HSBC Holdings PLC’s 50-day moving average is 570.19GBX and its 200-day moving average is 487.89GBX. The last stock price is up 26.97% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 49,862,661 shares of HSBA traded hands, up from an average trading volume of 31,495,000

Recent Performance Chart

HSBC Holdings PLC (LON:HSBA)

HSBC Holdings PLC has 52 week low of 392.37GBX and a 52 week high of 620.20GBX with a PE ratio of 12.83 and has a market capitalization of 0 GBX.

In addition to Barclays Capital reporting its stock price target, a total of 22 brokerages have issued a research note on the company. The average stock price target is 6.21GBX with 3 brokerages rating the stock a strong buy, 6 brokerages rating the stock a buy, 9 brokerages rating the stock a hold, 5 brokerages rating the stock a underperform, and finally 2 brokerages rating the stock a 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, 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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