Credit Suisse Group Reaffirms “Underperform” Rating for HSBC Holdings plc (LON:HSBA)

HSBC Holdings plc (LON:HSBA)‘s stock had its “underperform” rating reaffirmed by research analysts at Credit Suisse Group in a note issued to investors on Friday, November 3rd. They presently have a GBX 650 ($8.55) price target on the financial services provider’s stock. Credit Suisse Group’s target price would suggest a potential downside of 11.14% from the company’s current price.

HSBA has been the subject of a number of other reports. Morgan Stanley set a GBX 850 ($11.18) price target on HSBC Holdings plc and gave the company a “buy” rating in a research note on Thursday, October 5th. Deutsche Bank AG restated a “hold” rating and set a GBX 737 ($9.69) price target on shares of HSBC Holdings plc in a research note on Tuesday, September 26th. Goldman Sachs Group, Inc. (The) set a GBX 845 ($11.11) price target on HSBC Holdings plc and gave the company a “neutral” rating in a research note on Monday, October 9th. Citigroup Inc. reaffirmed a “buy” rating and set a GBX 850 ($11.18) price objective on shares of HSBC Holdings plc in a research report on Tuesday, August 22nd. Finally, Jefferies Group LLC initiated coverage on HSBC Holdings plc in a research report on Monday, September 4th. They set a “buy” rating and a GBX 920 ($12.10) price objective on the stock. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 723.72 ($9.52).

HSBC Holdings plc (HSBA) opened at GBX 731.50 ($9.62) on Friday. HSBC Holdings plc has a 12-month low of GBX 518.17 ($6.82) and a 12-month high of GBX 772 ($10.15).

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In other news, insider Douglas J. Flint bought 58 shares of the stock in a transaction on Wednesday, September 20th. The stock was acquired at an average cost of GBX 724 ($9.52) per share, for a total transaction of £419.92 ($552.31). Also, insider Stuart Thomson Gulliver sold 138,143 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of GBX 732 ($9.63), for a total value of £1,011,206.76 ($1,330,010.21). Insiders acquired a total of 17,079 shares of company stock worth $12,654,270 in the last ninety days.

About HSBC Holdings plc

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.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

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