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HSBC Holdings plc 17.6% Potential Decrease Indicated by Berenberg

HSBC Holdings plc with EPIC/TICKER (LON:HSBA) has had its stock rating noted as ‘Downgrades’ with the recommendation being set at ‘SELL’ this morning by analysts at Berenberg. HSBC Holdings plc are listed in the Financials sector within UK Main Market. Berenberg have set a target price of 490 GBX on its stock. This would indicate that the analyst believes there is a downside of -17.6% from the opening price of 595 GBX. Over the last 30 and 90 trading days the company share price has decreased 9.3 points and decreased 34.8 points respectively. The 1 year high for the stock price is 687.7 GBX while the year low stock price is currently 578.2 GBX.

HSBC Holdings plc has a 50 day moving average of 610.43 GBX and a 200 Day Moving Average share price is recorded at 639.34. There are currently 20,257,946,394 shares in issue with the average daily volume traded being 31,491,067. Market capitalisation for LON:HSBA is £120,899,421,606 GBP.