HSBC Holdings plc (LON:HSBA) received a GBX 725 ($9.54) price target from stock analysts at UBS AG in a note issued to investors on Tuesday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS AG’s target price suggests a potential downside of 1.21% from the company’s current price.
A number of other analysts have also commented on HSBA. Morgan Stanley set a GBX 850 ($11.18) target price on HSBC Holdings plc and gave the stock a “buy” rating in a report on Monday, July 17th. Deutsche Bank AG lifted their target price on HSBC Holdings plc from GBX 640 ($8.42) to GBX 695 ($9.14) and gave the stock a “hold” rating in a report on Tuesday, July 18th. BNP Paribas reissued an “outperform” rating and issued a GBX 715 ($9.40) target price on shares of HSBC Holdings plc in a report on Wednesday, July 19th. Citigroup Inc. reissued a “buy” rating on shares of HSBC Holdings plc in a report on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) reissued a “neutral” rating and issued a GBX 755 ($9.93) target price on shares of HSBC Holdings plc in a report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and five have issued a buy rating to the company’s stock. HSBC Holdings plc currently has a consensus rating of “Hold” and an average target price of GBX 723.72 ($9.52).
Shares of HSBC Holdings plc (LON HSBA) opened at GBX 733.90 ($9.65) on Tuesday. HSBC Holdings plc has a fifty-two week low of GBX 518.17 ($6.82) and a fifty-two week high of GBX 772 ($10.15).
In other news, insider Stuart Thomson Gulliver sold 138,143 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of GBX 732 ($9.63), for a total value of £1,011,206.76 ($1,330,010.21). Also, insider Douglas J. Flint acquired 58 shares of the stock in a transaction dated Wednesday, September 20th. The stock was acquired at an average price of GBX 724 ($9.52) per share, for a total transaction of £419.92 ($552.31). Insiders bought 99 shares of company stock worth $72,090 over the last 90 days.
HSBC Holdings plc 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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