JPMorgan Chase & Co. set a GBX 510 ($6.71) target price on HSBC (LON:HSBA) in a research report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a sell rating on the financial services provider’s stock.
HSBA has been the topic of a number of other research reports. Royal Bank of Canada reiterated a sell rating and set a GBX 410 ($5.39) target price on shares of HSBC in a report on Monday, May 11th. Jefferies Financial Group set a GBX 790 ($10.39) target price on HSBC and gave the company a buy rating in a report on Tuesday, April 28th. BNP Paribas cut HSBC to an underperform rating and lowered their target price for the company from GBX 570 ($7.50) to GBX 490 ($6.45) in a report on Friday, March 6th. Shore Capital reiterated a hold rating on shares of HSBC in a report on Tuesday, April 28th. Finally, Goldman Sachs Group lowered their target price on HSBC from GBX 745 ($9.80) to GBX 695 ($9.14) and set a conviction-buy rating on the stock in a report on Wednesday, April 29th. Eight analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Hold and an average target price of GBX 497.67 ($6.55).
Shares of LON:HSBA opened at GBX 379 ($4.99) on Wednesday. The business’s fifty day moving average price is GBX 411.57 and its two-hundred day moving average price is GBX 523.15. The stock has a market cap of $77.38 billion and a PE ratio of 21.17. HSBC has a one year low of GBX 5.76 ($0.08) and a one year high of GBX 741 ($9.75).
In other HSBC news, insider Noel Quinn sold 8,237 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of GBX 482 ($6.34), for a total value of £39,702.34 ($52,226.18). Also, insider John Hinshaw sold 710 shares of HSBC stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of GBX 405 ($5.33), for a total value of £2,875.50 ($3,782.56). Insiders sold a total of 85,135 shares of company stock worth $39,331,330 over the last ninety days.
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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