UBS downgrades HSBC to 'neutral' with a price target of GBP6.15

  • Investing.com
UBS downgrades HSBC to 'neutral' with a price target of GBP6.15
Credit: © Reuters.

An analyst from UBS downgraded HSBC (LON: HSBA ) from 'buy' to 'neutral' with a price target of GBP6.15 from a prior price target of %currency%%price%.

Prior to this rating, HSBC had 12 buy ratings, 8 hold ratings, and 0 sell ratings.

For consensus analyst estimates and price targets on HSBC, click here. For more news on HSBC, click here.

HSBC's stock price closed at $587.80. They are down -9.05% in the last month and up 11.01% in the last 12 months.

According to Investing Pro, HSBC's fair value is $6.86, a downside of -16.73%. HSBC's fair value comes with a medium degree of uncertainty, according to InvestingPro.

Check out HSBC's recent earnings performance and financials here.

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