Equities researchers at UBS AG raised their target price on shares of HSBC Holdings (LON: HSBA) from $10.90 (725 GBX) to $11.27 (750 GBX) in a report issued on Tuesday. The firm currently has a “neutral” rating on the stock.
HSBC Holdings opened at 712.288 on Tuesday. HSBC Holdings has a 52-week low of GBX 501.20 and a 52-week high of GBX 739.90. The stock’s 50-day moving average is currently GBX 582.7. The company’s market cap is £136.9 billion.
A number of other firms have also recently commented on HSBA. Analysts at Morgan Stanley raised their price target on shares of HSBC Holdings from $11.08 to $11.68 in a research note to investors on Tuesday. They now have an “equal-weight” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of HSBC Holdings from $10.75 to $11.43 in a research note to investors on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at HB Markets reiterated a “buy” rating on shares of HSBC Holdings in a research note to investors on Tuesday.
HSBC Holdings plc (HSBC) is a global banking and financial services organizations. It provides a range of financial services to around 95 million customers through two customer groups, Personal Financial Services (PFS), including consumer finance, and Commercial Banking (CMB), and two global businesses, Global Banking and Markets (GB&M), and Global Private Banking (GPB).
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