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DBS Reaffirms Their Buy Rating on HSBC Holdings (HSBA)

Tipranks - Tipranks - Fri Feb 27, 1:08AM CST

DBS analyst Manyi Lu maintained a Buy rating on HSBC Holdings yesterday. The company’s shares closed yesterday at p1,394.00.

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Lu covers the Financial sector, focusing on stocks such as OSL Group Limited, HSBC Holdings, and Bank of China. According to TipRanks, Lu has an average return of 23.2% and an 83.52% success rate on recommended stocks.

HSBC Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $17.42, representing a -98.75% downside. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a p1,500.00 price target.

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Based on HSBC Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p33.73 billion and a net profit of p4.73 billion. In comparison, last year the company earned a revenue of p58.73 billion and had a net profit of p6.53 billion

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