HSBC Holdings plc (LON:HSBA) shares fell 0.3% on Monday . The company traded as low as GBX 718.70 ($9.93) and last traded at GBX 721.40 ($9.97). 25,640,000 shares were traded during mid-day trading, an increase of 18% from the average session volume of 21,810,000 shares. The stock had previously closed at GBX 723.40 ($9.99).
A number of research firms have weighed in on HSBA. Goldman Sachs Group set a GBX 820 ($11.33) price objective on shares of HSBC and gave the company a “neutral” rating in a report on Wednesday, January 17th. UBS Group set a GBX 725 ($10.02) target price on shares of HSBC and gave the stock a “neutral” rating in a research note on Monday, January 15th. Morgan Stanley set a GBX 850 ($11.74) target price on shares of HSBC and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Shore Capital reissued a “sell” rating on shares of HSBC in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada set a GBX 750 ($10.36) target price on shares of HSBC and gave the stock a “neutral” rating in a research note on Monday, December 18th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 761.87 ($10.53).
The firm has a market cap of $144,830.00 and a P/E ratio of 1,838.46.
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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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