In a report released on 8/04/2016 Deutsche Bank increased the target price of HSBC Holdings PLC (LON:HSBA) from 480GBX to 514GBX reporting a possible upside of 0.02%.
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. At the time, this suggested an upside of 0.24%.
Boasting a price of 504.00GBX, HSBC Holdings PLC (LON:HSBA) traded 0.93% lower on the day. With the last close up 19.47% relative to the two hundred day average, compared to the Standard & Poor’s 500 Index which has fallen -0.01% over the same period. The company has registered a 50-day moving average of 545.02GBX and 200-day average of 474.12GBX. 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.
Performance Graphic:
With a market cap of 0.0 GBX, HSBC Holdings PLC has a 52 week low of 392.37GBX and a 52 week high of 588.30GBX with a PE ratio of 12.
Also covering HSBC Holdings PLC’s stock price target, a total of 22 analysts have released a research note on the stock. The average target is 6.21GBX with three analysts rating the stock a strong buy, six firms rating the stock a buy, nine analyts rating the stock a hold, five analysts rating the stock to underperform, and lastly two brokeragesrating the company as 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, 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.
The post A statement released earlier today by Deutsche Bank about (LON:HSBA) HSBC Holdings PLC bumps the target price to 514GBX appeared first on Octafinance.