Deutsche Bank announced HSBC Holdings PLC (LON:HSBA), bumping up its stock price target to 525.00GBX today
- Updated: October 12, 2016
In a report released on 10/13/2016 Deutsche Bank increased the stock price target of HSBC Holdings PLC (LON:HSBA) to 525.00GBX reporting a possible downside of -0.14%.
Previously on 10/06/2016, Morgan Stanley reported on HSBC Holdings PLC (LON:HSBA) increased the target price from 438.00GBX to 450.00GBX. At the time, this indicated a possible downside of -0.26%.
Just yesterday HSBC Holdings PLC (LON:HSBA) traded -0.84% lower at 611.35GBX. HSBC Holdings PLC’s 50-day moving average is 576.49GBX and its 200-day moving average is 491.84GBX. The last closing price is up 24.29% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 5,808,860 shares of HSBA traded hands, down from an average trading volume of 31,978,900
Recent Performance Chart
HSBC Holdings PLC has 52 week low of 392.37GBX and a 52 week high of 620.20GBX with a PE ratio of 12.66 and has a market capitalization of 0 GBX.
In addition to Deutsche Bank 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.
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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