Goldman Sachs Group set a GBX 820 ($11.33) price target on HSBC (LON:HSBA) in a research note issued to investors on Wednesday, January 17th. The brokerage currently has a neutral rating on the financial services provider’s stock.
A number of other brokerages also recently issued reports on HSBA. UBS Group set a GBX 725 ($10.02) price objective on HSBC and gave the company a neutral rating in a research note on Monday, January 15th. Morgan Stanley set a GBX 850 ($11.74) price target on HSBC and gave the stock a buy rating in a research note on Wednesday, December 13th. Credit Suisse Group downgraded HSBC to an underperform rating and increased their price target for the stock from GBX 630 ($8.70) to GBX 650 ($8.98) in a research note on Tuesday, October 10th. Royal Bank of Canada set a GBX 750 ($10.36) price target on HSBC and gave the stock a neutral rating in a research note on Monday, December 18th. Finally, Jefferies Group reiterated a buy rating on shares of HSBC in a research note on Monday, December 18th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. HSBC presently has a consensus rating of Hold and an average price target of GBX 754 ($10.42).
Shares of HSBC (LON HSBA) traded up GBX 0.60 ($0.01) during trading on Wednesday, reaching GBX 732.40 ($10.12). The company had a trading volume of 27,858,706 shares, compared to its average volume of 20,160,000. HSBC has a 1-year low of GBX 518.17 ($7.16) and a 1-year high of GBX 798.60 ($11.03). The company has a market capitalization of $146,450.00 and a P/E ratio of 3,662.00.
In related news, insider Laura May Lung Cha purchased 8,000 shares of HSBC stock in a transaction that occurred on Tuesday, January 23rd. The shares were acquired at an average cost of GBX 6,210 ($85.80) per share, for a total transaction of £496,800 ($686,377.45).
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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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