Berenberg Bank Raises HSBC (LON:HSBA) Price Target to GBX 680

HSBC (LON:HSBA) had its price objective upped by Berenberg Bank from GBX 600 ($8.29) to GBX 680 ($9.39) in a report issued on Monday, February 5th. They currently have a hold rating on the financial services provider’s stock.

Several other brokerages also recently commented on HSBA. Goldman Sachs Group set a GBX 820 ($11.33) target price on HSBC and gave the stock a neutral rating in a research note on Wednesday, January 17th. UBS Group set a GBX 725 ($10.02) target price on HSBC and gave the stock a neutral rating in a research note on Monday, January 15th. Morgan Stanley set a GBX 850 ($11.74) target price 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 boosted their target price for the stock from GBX 630 ($8.70) to GBX 650 ($8.98) in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada set a GBX 750 ($10.36) target price on HSBC and gave the stock a neutral rating in a research note on Monday, December 18th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. HSBC has a consensus rating of Hold and a consensus price target of GBX 754 ($10.42).

HSBC (LON HSBA) opened at GBX 734.30 ($10.15) on Monday. The company has a market capitalization of $146,510.00 and a PE ratio of 3,671.50. HSBC has a 52 week low of GBX 518.17 ($7.16) and a 52 week high of GBX 798.60 ($11.03).

In related news, insider Laura May Lung Cha bought 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 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.

Analyst Recommendations for HSBC (LON:HSBA)

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