HSBC Holdings plc 18.7% Potential Decrease Indicated by Deutsche Bank

Broker Ratings

HSBC Holdings plc with EPIC/TICKER (LON:HSBA) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘SELL’ this morning 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 540 GBX on its stock. This would imply the analyst believes there is a potential downside of -18.7% from the opening price of 664.5 GBX. Over the last 30 and 90 trading days the company share price has increased 15.6 points and increased 6.6 points respectively. The 1 year high stock price is 736 GBX while the 52 week low is 596.4 GBX.

HSBC Holdings plc has a 50 day moving average of 659.30 GBX and a 200 day moving average of 650.41. There are currently 1,433,551,538 shares in issue with the average daily volume traded being 23,275,853. Market capitalisation for LON:HSBA is £135,242,319,286 GBP.

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