HSBC's (HSBA) Hold Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Key Points

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HSBC (LON:HSBA - Get Free Report)'s stock had its "hold" rating restated by analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Thursday, MarketBeat reports. They presently have a GBX 910 ($12.08) price target on the financial services provider's stock. Deutsche Bank Aktiengesellschaft's target price would suggest a potential downside of 0.86% from the stock's previous close.

A number of other brokerages have also recently commented on HSBA. Shore Capital restated a "hold" rating and set a GBX 980 ($13.01) target price on shares of HSBC in a 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of GBX 960.83 ($12.75).

HSBC Stock Down 0.5%

Shares of HSBA stock traded down GBX 4.90 ($0.07) during mid-day trading on Thursday, reaching GBX 917.90 ($12.18). 21,132,336 shares of the company's stock traded hands, compared to its average volume of 24,682,385. HSBC has a 12 month low of GBX 610.89 ($8.11) and a 12 month high of GBX 978.79 ($12.99). The company has a market cap of £204.93 billion, a P/E ratio of 8.83, a P/E/G ratio of 5.97 and a beta of 0.52. The company's 50-day moving average price is GBX 897.52 and its 200-day moving average price is GBX 864.63.

About HSBC

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.