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Home / Stocks and Markets at Lows / HSBC Holdings (HSBA.L) 04-05-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

HSBC Holdings (HSBA.L) 04-05-20

Shares in HSBC Holdings (HSBA.L) have fallen notably from recent highs of 595.4p. Will the trend prevail, or is this an opportunity for you to pick up a bargain?

  • Currently at 398.49p (at time of writing). A move up to highs would represent a rise of 49%.
  • These share are amongst the biggest fallers in the period.
  • Is the move unfinished, or are we about to see a bounce?
  • The market has been known to over-react to bad news. Investors should consider whether these falls are justified, or is this an over-reaction?
  • Shares -40% from 12-month highs; +0% from 12 month lows.

Latest News

29 Apr:  Goldman Sachs reiterates its conviction buy rating on HSBC Holdings (HSBA) and reduced the target price to 695p (from 745p).

29 Apr:  DZ Bank reiterates its sell rating on HSBC Holdings (HSBA) and reduced the target price to 370p (from 540p).

29 Apr:  UBS reiterates its neutral rating on HSBC Holdings (HSBA) and reduced the target price to 405p (from 450p).

28 Apr:  HSBC cautioned on reduced profits this year after announcing a 48% decline in Q1 earnings due to the current pandemic and low oil price.

24 Apr:  HSBC announced it had halted a redundancy programme due to the pandemic, holding up key part of its business strategy.

21 Apr:  UBS reiterates its neutral rating on HSBC Holdings (HSBA) and reduced the target price to 450p (from 530p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

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