HSBC (LON:HSBA)‘s stock had its “underperform” rating reissued by stock analysts at Credit Suisse Group in a research note issued on Monday. They presently have a GBX 680 ($9.39) price target on the financial services provider’s stock. Credit Suisse Group’s price objective indicates a potential downside of 2.73% from the company’s previous close.
A number of other analysts have also issued reports on HSBA. Shore Capital reissued a “sell” rating on shares of HSBC in a research report on Tuesday, November 28th. Berenberg Bank reissued a “hold” rating and issued a GBX 600 ($8.29) price target on shares of HSBC in a research report on Wednesday, November 29th. JPMorgan Chase & Co. set a GBX 690 ($9.53) price target on shares of HSBC and gave the stock a “neutral” rating in a research report on Wednesday, November 29th. Citigroup reissued a “buy” rating on shares of HSBC in a research report on Wednesday, November 29th. Finally, Morgan Stanley set a GBX 850 ($11.74) price target on shares of HSBC and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 761 ($10.51).
HSBC stock opened at GBX 699.10 ($9.66) on Monday. 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 cap of $141,540.00 and a PE ratio of 1,792.56.
In related news, insider Iain Mackay sold 120,833 shares of the firm’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). Also, insider Marc Moses sold 88,231 shares of the firm’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 transaction of £636,145.51 ($878,896.81).
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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