HSBC (LON:HSBA) Earns Hold Rating from Deutsche Bank Aktiengesellschaft

HSBC (LON:HSBA)‘s stock had its “hold” rating reaffirmed by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Thursday, Marketbeat.com reports. They presently have a GBX 910 ($12.08) target price on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective indicates a potential downside of 0.86% from the stock’s current price.

Other equities analysts have also issued reports about the company. Shore Capital restated a “hold” rating and set a GBX 980 ($13.01) price target on shares of HSBC in a research report on Wednesday. Royal Bank Of Canada restated a “sector perform” rating and set a GBX 900 ($11.95) target price on shares of HSBC in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, HSBC presently has an average rating of “Moderate Buy” and an average price target of GBX 960.83 ($12.75).

HSBC Trading Down 0.5%

Shares of LON:HSBA opened at GBX 917.90 ($12.18) on Thursday. The stock has a market capitalization of £204.93 billion, a P/E ratio of 8.83, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The stock’s 50-day moving average price is GBX 897.52 and its 200-day moving average price is GBX 864.63. HSBC has a 12-month low of GBX 610.89 ($8.11) and a 12-month high of GBX 978.79 ($12.99).

HSBC Company Profile

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.