HSBC Holdings plc (LON:HSBA) was up 3.8% on Wednesday . The company traded as high as GBX 795.90 ($10.79) and last traded at GBX 795.50 ($10.79). Approximately 41,053,899 shares traded hands during mid-day trading, an increase of 111% from the average daily volume of 19,450,000 shares. The stock had previously closed at GBX 766.30 ($10.39).
A number of equities research analysts have weighed in on HSBA shares. Deutsche Bank restated a “hold” rating and issued a GBX 737 ($9.99) price objective on shares of HSBC in a report on Tuesday, September 19th. Berenberg Bank restated a “hold” rating and issued a GBX 600 ($8.14) price objective on shares of HSBC in a report on Wednesday, September 20th. Jefferies Group restated a “buy” rating and issued a GBX 920 ($12.48) price objective on shares of HSBC in a report on Wednesday, September 27th. Barclays restated a “hold” rating and issued a GBX 600 ($8.14) price objective on shares of HSBC in a report on Wednesday, September 27th. Finally, Morgan Stanley restated an “overweight” rating and issued a GBX 850 ($11.53) price objective on shares of HSBC in a report on Friday, September 29th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 748.33 ($10.15).
The firm has a market capitalization of $159,280.00 and a PE ratio of 3,977.50.
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HSBC Company Profile
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.
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