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.
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