HSBC (LON:HSBA) has been given a GBX 725 ($10.02) target price by research analysts at UBS Group in a research report issued on Tuesday, February 20th, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target suggests a potential upside of 5.03% from the stock’s previous close.
Several other research analysts also recently weighed in on the stock. Jefferies Group restated a “buy” rating on shares of HSBC in a research report on Monday, December 18th. Shore Capital reissued a “sell” rating on shares of HSBC in a research note on Monday, October 30th. Morgan Stanley set a GBX 850 ($11.74) price target on shares of HSBC and gave the company a “buy” rating in a research note on Wednesday, December 13th. Royal Bank of Canada set a GBX 750 ($10.36) price objective on shares of HSBC and gave the stock a “neutral” rating in a research report on Monday, December 18th. Finally, Citigroup reaffirmed a “buy” rating on shares of HSBC in a research report on Wednesday, December 6th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 759 ($10.49).
HSBC (LON HSBA) traded down GBX 7.50 ($0.10) during mid-day trading on Tuesday, hitting GBX 690.30 ($9.54). 45,235,546 shares of the stock traded hands, compared to its average volume of 25,620,000. HSBC has a twelve month low of GBX 618 ($8.54) and a twelve month high of GBX 798.60 ($11.03). The stock has a market cap of $137,600.00 and a price-to-earnings ratio of 1,770.00.
In other news, insider Marc Moses sold 88,231 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of GBX 721 ($9.96), for a total value of £636,145.51 ($878,896.81). Also, insider Iain Mackay sold 120,833 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of GBX 706 ($9.75), for a total transaction of £853,080.98 ($1,178,614.23).
HSBC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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