HSBC (LON:HSBA) has been given a GBX 730 ($10.45) price objective by equities researchers at Royal Bank of Canada in a research report issued to clients and investors on Friday. The firm currently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s target price suggests a potential upside of 4.72% from the stock’s previous close.
A number of other equities analysts also recently commented on the stock. Credit Suisse Group set a GBX 690 ($9.88) price objective on shares of HSBC and gave the stock a “neutral” rating in a research note on Thursday. JPMorgan Chase reissued a “neutral” rating and issued a GBX 730 ($10.45) price objective on shares of HSBC in a research note on Tuesday. Barclays set a GBX 720 ($10.31) price objective on shares of HSBC and gave the stock a “neutral” rating in a research note on Friday, April 13th. Deutsche Bank set a GBX 680 ($9.74) price objective on shares of HSBC and gave the stock a “neutral” rating in a research note on Wednesday, April 11th. Finally, Citigroup reissued a “buy” rating and issued a GBX 810 ($11.60) price objective on shares of HSBC in a research note on Tuesday, April 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. HSBC has an average rating of “Hold” and a consensus target price of GBX 760.33 ($10.89).
HSBC stock opened at GBX 697.10 ($9.98) on Friday. HSBC has a fifty-two week low of GBX 618 ($8.85) and a fifty-two week high of GBX 798.60 ($11.43).
In other news, insider Laura May Lung Cha purchased 8,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were acquired at an average cost of GBX 6,210 ($88.92) per share, with a total value of £496,800 ($711,340.21). 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 transaction of £24,144.24 ($34,570.79). Insiders sold 212,533 shares of company stock worth $151,337,073 over the last ninety days.
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HSBC Company Profile
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.
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