HSBC (LON:HSBA) has been assigned a GBX 710 ($9.81) price target by stock analysts at UBS Group in a report released on Thursday, March 8th, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target would suggest a potential upside of 0.38% from the company’s current price.
A number of other equities research analysts also recently issued reports on HSBA. Goldman Sachs Group set a GBX 800 ($11.05) price target on HSBC and gave the stock a “neutral” rating in a research report on Tuesday, March 6th. Deutsche Bank reduced their target price on HSBC from GBX 708 ($9.78) to GBX 700 ($9.67) and set a “hold” rating for the company in a research note on Tuesday, March 6th. Societe Generale set a GBX 800 ($11.05) target price on HSBC and gave the company a “neutral” rating in a research note on Wednesday, February 21st. Shore Capital reaffirmed a “sell” rating on shares of HSBC in a research report on Tuesday, February 20th. Finally, Royal Bank of Canada set a GBX 750 ($10.36) target price on shares of HSBC and gave the stock a “neutral” rating in a research report on Tuesday, February 20th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 761 ($10.51).
HSBC (LON HSBA) traded up GBX 9.50 ($0.13) on Thursday, reaching GBX 707.30 ($9.77). The company had a trading volume of 43,284,504 shares, compared to its average volume of 26,590,000. HSBC has a fifty-two week low of GBX 618 ($8.54) and a fifty-two week high of GBX 798.60 ($11.03). The company has a market capitalization of $141,540.00 and a price-to-earnings ratio of 1,813.59.
In other news, insider Laura May Lung Cha purchased 8,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were purchased at an average price of GBX 6,210 ($85.80) per share, for a total transaction of £496,800 ($686,377.45). Also, insider Iain Mackay sold 120,833 shares of the 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 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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