Deutsche Bank restated their hold rating on shares of HSBC (LON:HSBA) in a research report released on Monday morning. They currently have a GBX 700 ($9.81) target price on the financial services provider’s stock.
HSBA has been the topic of a number of other reports. UBS Group set a GBX 725 ($10.17) price objective on shares of HSBC and gave the stock a neutral rating in a report on Thursday, January 4th. Credit Suisse Group reaffirmed an underperform rating and set a GBX 650 ($9.11) price objective on shares of HSBC in a report on Friday, November 3rd. Citigroup reaffirmed a buy rating on shares of HSBC in a report on Wednesday, November 29th. Royal Bank of Canada set a GBX 750 ($10.52) price target on shares of HSBC and gave the stock a neutral rating in a report on Monday, December 18th. Finally, JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 690 ($9.67) price target on shares of HSBC in a report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of GBX 754 ($10.57).
HSBC (LON HSBA) opened at GBX 734.60 ($10.30) on Monday. The stock has a market cap of $149,930.00 and a price-to-earnings ratio of 3,866.32. HSBC has a fifty-two week low of GBX 518.17 ($7.27) and a fifty-two week high of GBX 798.60 ($11.20).
In other HSBC news, insider Laura May Lung Cha acquired 8,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The shares were acquired at an average cost of GBX 6,210 ($87.07) per share, with a total value of £496,800 ($696,578.80). Also, insider Iain Mackay acquired 16,980 shares of the company’s stock in a transaction on Monday, November 13th. The shares were acquired at an average cost of GBX 741 ($10.39) per share, for a total transaction of £125,821.80 ($176,418.68).
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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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