HSBC Holdings PLC (LON:HSBA) target price held steady at 600.00GBX, reported today by Credit Suisse
- Updated: April 21, 2017
HSBC Holdings PLC (LON:HSBA) had its target price hold steady to 600.00GBX by Credit Suisse in a report released Friday April 21, 2017. The new target price indicates a possible downside of -0.04% based on the company's last stock close price.
Previously on 04/07/2017, JP Morgan Cazenove reported about HSBC Holdings PLC (LON:HSBA) held steady the target price at 670.00GBX. At the time, this indicated a possible upside of 0.02%.
Yesterday HSBC Holdings PLC (LON:HSBA) traded 0.63% higher at 626.55GBX. The company’s 50-day moving average is 654.81GBX and its 200-day moving average is 651.36GBX. The last stock close price is down -3.85% from the 200-day moving average, compared to the S&P 500 which has increased 0.03% over the same time. 10,735,746 shares of the stock were exchanged, down from an average trading volume of 27,830,500
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HSBC Holdings PLC has a 52 week low of 392.37GBX and a 52 week high of 715.20GBX with a P/E ratio of 94.89 The company’s market cap is currently 0 GBX.
In addition to Credit Suisse reporting its target price, a total of 22 firms have reported on the stock. The consensus target price is 6.21GBX with 3 firms rating the stock a strong buy, 6 firms rating the stock a buy, 9 firms rating the stock a hold, 5 firms rating the stock a underperform, and finally 2 firms rating the stock a sell.
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 four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America. RBWM business offers Retail Banking, Wealth Management, Asset Management and Insurance. CMB services include working capital, term loans, payment services and international trade facilitation, among other services, as well as expertise in mergers and acquisitions, and access to financial markets. GB&M supports government, corporate and institutional clients across the world. GPB's products and services include Investment Management, Private Wealth Solutions, and a range of Private Banking services.
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