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Home / Stocks and Markets at Lows / HSBC Holdings (HSBA.L) 12-03-20

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

HSBC Holdings (HSBA.L) 12-03-20

HSBC Holdings (HSBA.L) shares have fallen significantly from the most recent highs of 680.6p. Will it continue, or is this an opportunity to pick some up?

 

  • A return to previous highs would represent a rise of 48%. Now at 458.2p (at time of writing).
  • This is one of the biggest fallers of late.
  • Traders should consider whether it is down for good reason, or is this another over-reaction?
  • Bargain hunters should be mindful of fundamentals and events, which can influence price action. Check our website and news outlets for updates.
  • Shares -32% from 12-month highs; +0% from 12 month lows.

Latest News

10 Mar:  HSBC announced that it had appointed James Anthony Forese as an independent non-executive director. Forese was formerly a president at Citigroup.

10 Mar:  Goldman Sachs reiterates its conviction buy rating on HSBC Holdings (HSBA) and reduced the target price to 750p (from 785p).

06 Mar:  Exane BNP Paribas has downgraded its rating on HSBC Holdings (HSBA) to underperform (from neutral) and reduced the target price to 490p (from 570p).

03 Mar:  JP Morgan Cazenove reiterates its underweight rating on HSBC Holdings (HSBA) and reduced the target price to 570p (from 600p).

02 Mar:  Goldman Sachs reiterates its conviction buy rating on HSBC Holdings (HSBA) and reduced the target price to 785p (from 860p).

02 Mar:  Barclays Capital reiterates its underweight rating on HSBC Holdings (HSBA) and reduced the target price to 550p (from 560p).

02 Mar:  RBC Capital Markets reiterates its underperform rating on HSBC Holdings (HSBA) and reduced the target price to 520p (from 550p).

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

 

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