HSBC Holdings plc 16.7% Potential Decrease Indicated by Deutsche Bank

Broker Ratings

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 their target price at 513 GBX on its stock. This now indicates the analyst believes there is a potential downside of -16.7% from the opening price of 616 GBX. Over the last 30 and 90 trading days the company share price has decreased 35.9 points and decreased 61.7 points respectively. The 1 year high for the stock price is 749.9 GBX while the year low share price is currently 596.4 GBX.

HSBC Holdings plc has a 50 day moving average of 649.14 GBX and the 200 Day Moving Average price is recorded at 676.79. There are currently 20,051,263,049 shares in issue with the average daily volume traded being 23,430,212. Market capitalisation for LON:HSBA is £123,335,314,119 GBP.

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