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HSBC Holdings plc 15.3% Potential Decrease Indicated by Deutsche Bank

HSBC Holdings plc using EPIC/TICKER code (LON:HSBA) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SELL’ today by analysts at Deutsche Bank. HSBC Holdings plc are listed in the Financials sector within UK Main Market. Deutsche Bank have set a target price of 500 GBX on its stock. This would indicate that the analyst believes there is a downside of -15.3% from the opening price of 590 GBX. Over the last 30 and 90 trading days the company share price has decreased 34.6 points and decreased 76.7 points respectively. The 1 year high stock price is 687.7 GBX while the 52 week low is 578.2 GBX.

HSBC Holdings plc has a 50 day moving average of 611.31 GBX and a 200 Day Moving Average share price is recorded at 640.54. There are currently 20,260,290,492 shares in issue with the average daily volume traded being 33,795,806. Market capitalisation for LON:HSBA is £118,988,683,586 GBP.