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Pin to quick picksHSBC Holdings Share News (HSBA)

Share Price Information for HSBC Holdings (HSBA)

London Stock Exchange
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Share Price: 694.40
Bid: 694.30
Ask: 694.40
Change: -2.00 (-0.29%)
Spread: 0.10 (0.014%)
Open: 699.20
High: 701.10
Low: 692.70
Prev. Close: 696.40
HSBA Live PriceLast checked at -

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Broker tips: Banks, Chemring, DCC

Fri, 19th Jul 2013 11:25

Investec has downgraded its ratings for banking peer HSBC and RBS from 'buy' to 'hold' in separate research reports, reiterating its preference for rival Barclays.The broker pointed out that HSBC has marginally outperformed the FTSE 100 so far this year and now trades within just 4.0% of its 57-month high. The 740p target price for HSBC has been maintained.As for RBS, after an impressive share price recovery after the stock was "oversold" in June, the stock is no longer "absurdly cheap". After raising its target price from 335p to 340p due to a strongly recovering UK mortgage market, Investec said it implies little upside to current prices.UBS has downgraded its recommendation for defence technology firm Chemring from 'buy' to 'neutral' on the back of cuts to short-term profit forecasts.The broker has reduced its target price from 360p to 330p after lowering earnings before interest, tax and amortisation (EBITDA) estimates for the years ending October 2014 and 2015 by 11% and 13%, respectively. "Our new forecasts reflect a lower base of underlying EBITA in FY13 than we had previously forecast and the restructuring plan presented at H1," UBS said.A first-quarter trading update from sales, marketing, distribution and business support services firm DCC was welcomed by the market on Friday, with Jefferies providing an extra boost after lifting its target price for the stock and keeping a 'buy' rating.In spite of the 30% rise so far this year - compared with the FTSE All-Share Index up just 13% - the broker sees more upside to the stock, raising its target price by 3.0% from 3,100p to 3,200p.BC
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Wall Street stocks mixed

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1 Aug 2023 14:50

Gloomy data tempers optimism on global economy

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Stocks, oil slide as gloomy data tempers optimism on economy

Euro STOXX down 0.6% after July gain of 2%

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1 Aug 2023 09:08

Stocks, oil resilient amid cautious optimism on economy

Euro STOXX down 0.2% after July gain of 2%

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1 Aug 2023 07:50

LONDON BRIEFING: Stocks called down; BP launches share buyback

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1 Aug 2023 07:46

HSBC boosted by rising interest rates as H1 profits grow

(Sharecast News) - HSBC posted a rise in first-half profits on Tuesday as it benefited from rising interest rates, and announced a share buyback of up to $2bn.

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1 Aug 2023 06:13

TOP NEWS: HSBC announces buyback as profit rockets to USD21.7 billion

(Alliance News) - HSBC PLC on Tuesday reported "broad-based profit generation" across its global operations in the first half, revising its annual guidance upwards slightly and announcing another quarterly dividend and share buyback.

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31 Jul 2023 13:22

Bumper earnings will broaden a narrow tech-led stocks rally, analysts say

July 31 (Reuters) - A handful of technology firms and last year’s laggards have so far driven the heady rise in U.S. and global stock markets this year, but bumper earnings surprises could now lift more sectors and stocks and broaden the rally, analysts say.

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31 Jul 2023 11:00

Britain's banks told to justify low savings rates by end of August

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28 Jul 2023 10:49

BPEA EQT completes $6.5 bln merger of Vistra and Tricor

Combined business has over 9,000 staff

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28 Jul 2023 07:42

Take Five: Big or bigger?

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27 Jul 2023 06:00

Banks to fuel boom in UK Plc regular dividend payouts

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27 Jul 2023 06:00

Banks tread tricky tightrope with politically exposed clients

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26 Jul 2023 18:59

Federal Reserve hikes rates, leaves door open to more tightening

(Sharecast News) - The Federal Reserve hiked interest rates as expected on Wednesday and left the door open to further tightening if needed.

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