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HSBC Holdings plc 4.2% Potential Decrease Indicated by RBC Capital Markets

HSBC Holdings plc with EPIC/TICKER (LON:HSBA) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘UNDERPERFORM’ today by analysts at RBC Capital Markets. HSBC Holdings plc are listed in the Financials sector within UK Main Market. RBC Capital Markets have set their target price at 550 GBX on its stock. This indicates the analyst believes there is a potential downside of -4.2% from today’s opening price of 574 GBX. Over the last 30 and 90 trading days the company share price has decreased 36.7 points and decreased 9.8 points respectively. The 1 year high share price is 687.7 GBX while the year low stock price is currently 565.9 GBX.

HSBC Holdings plc has a 50 day moving average of 606.47 GBX and the 200 Day Moving Average price is recorded at 635.12. There are currently 20,312,351,643 shares in issue with the average daily volume traded being 28,441,434. Market capitalisation for LON:HSBA is £118,075,697,621 GBP.