Credit Suisse Group Analysts Give HSBC (HSBA) a GBX 690 Price Target

HSBC (LON:HSBA) has been assigned a GBX 690 ($9.88) price target by stock analysts at Credit Suisse Group in a report released on Thursday. The firm presently has a “neutral” rating on the financial services provider’s stock. Credit Suisse Group’s target price would suggest a potential upside of 0.47% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Shore Capital restated a “sell” rating on shares of HSBC in a research note on Tuesday, February 20th. Societe Generale set a GBX 800 ($11.45) target price on shares of HSBC and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Citigroup restated a “buy” rating and set a GBX 810 ($11.60) target price on shares of HSBC in a research note on Tuesday, April 10th. UBS set a GBX 725 ($10.38) target price on shares of HSBC and gave the stock a “neutral” rating in a research note on Thursday, January 4th. Finally, JPMorgan Chase reaffirmed a “neutral” rating and set a GBX 730 ($10.45) price objective on shares of HSBC in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of GBX 761.67 ($10.91).

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Shares of LON:HSBA opened at GBX 686.80 ($9.83) on Thursday. HSBC has a twelve month low of GBX 618 ($8.85) and a twelve month high of GBX 798.60 ($11.43).

In other news, insider Marc Moses sold 88,231 shares of HSBC stock in a transaction on Monday, February 26th. The stock was sold at an average price of GBX 721 ($10.32), for a total transaction of £636,145.51 ($910,861.27). Also, insider Iain Mackay sold 3,469 shares of HSBC stock in a transaction on Wednesday, March 21st. The stock was sold at an average price of GBX 696 ($9.97), for a total value of £24,144.24 ($34,570.79). Insiders have sold 212,533 shares of company stock valued at $151,337,073 over the last ninety days.

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About HSBC

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

Analyst Recommendations for HSBC (LON:HSBA)

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