Beaufort Securities reiterated HSBC Holdings PLC (LON:HSBA) to Buy in a report released today.
- Updated: September 18, 2016
Beaufort Securities has reiterated HSBC Holdings PLC(LON:HSBA) to Buy in a statement released on 8/04/2016.
Previously on Tuesday August 2 2016, Berenberg Bank reported on HSBC Holdings PLC(LON:HSBA) bumped the target price from 0.00GBX to 600.00GBX that indicated a possible upside of 0.24%.
Yesterday HSBC Holdings PLC (LON:HSBA) traded 0.93% lower at 504.00GBX. HSBA’s 50-day average is 545.02GBX and its 200-day moving average is 474.12GBX. With the last stock close up 19.47% relative to the two hundred day average, compared to the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was was up over the average, with 49,442,167 shares of HSBA changing hands over the typical 34,853,200 shares..
See Graph Below:
With a market cap of 0.0 GBX, HSBC Holdings PLC has a one-year low of 392.37GBX and a 52 week high of 588.30GBX with a P/E ratio of 12.
A total of 22 firms have issued a report on the stock. Three analysts rate the company a strong buy, six firms rate the company a buy, nine analyts rate the company a hold, five firms rate the stock to underperform, and lastly two brokeragesrate the company as sell with an average target stock price of 6.21GBX
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, 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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