HSBC (LON:HSBA) received a GBX 760 ($10.31) target price from research analysts at Societe Generale in a report released on Wednesday. The firm currently has a “neutral” rating on the financial services provider’s stock. Societe Generale’s price target would indicate a potential upside of 6.95% from the company’s current price.
Several other equities research analysts also recently issued reports on the company. Credit Suisse Group restated a “neutral” rating and set a GBX 690 ($9.36) target price on shares of HSBC in a research report on Friday, May 4th. Cfra set a GBX 780 ($10.58) target price on HSBC and gave the stock a “neutral” rating in a research report on Friday, May 4th. UBS set a GBX 710 ($9.63) target price on HSBC and gave the stock a “neutral” rating in a research report on Friday, May 4th. Royal Bank of Canada set a GBX 730 ($9.90) target price on HSBC and gave the stock a “neutral” rating in a research report on Friday, May 4th. Finally, Shore Capital restated a “sell” rating and set a GBX 721 ($9.78) target price on shares of HSBC in a research report on Friday, May 4th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of GBX 756.82 ($10.27).
LON:HSBA opened at GBX 710.60 ($9.64) on Wednesday. HSBC has a 1 year low of GBX 618 ($8.38) and a 1 year high of GBX 798.60 ($10.83).
In related news, insider Marc Moses sold 88,231 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of GBX 721 ($9.78), for a total value of £636,145.51 ($862,921.20). Also, insider Iain Mackay sold 3,469 shares of the stock in a transaction on Wednesday, March 21st. The shares were sold at an average price of GBX 696 ($9.44), for a total value of £24,144.24 ($32,751.28). Insiders sold 212,533 shares of company stock worth $151,337,073 in the last quarter.
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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