HSBC (LON:HSBA) PT Set at GBX 485 by UBS Group

HSBC (LON:HSBA) received a GBX 485 ($6.34) target price from investment analysts at UBS Group in a note issued to investors on Thursday, Borsen Zeitung reports. UBS Group’s target price indicates a potential upside of 13.48% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Jefferies Financial Group set a GBX 414 ($5.41) price target on shares of HSBC in a research note on Monday, August 2nd. Berenberg Bank reiterated a “hold” rating and set a GBX 470 ($6.14) price objective on shares of HSBC in a report on Friday, October 1st. Credit Suisse Group set a GBX 465 ($6.08) price objective on shares of HSBC in a report on Tuesday. JPMorgan Chase & Co. set a GBX 440 ($5.75) price objective on shares of HSBC in a report on Monday, September 20th. Finally, Barclays set a GBX 530 ($6.92) price objective on shares of HSBC in a report on Friday, September 17th. Three analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of GBX 473.55 ($6.19).

HSBA opened at GBX 427.40 ($5.58) on Thursday. HSBC has a 1-year low of GBX 292.80 ($3.83) and a 1-year high of GBX 462.55 ($6.04). The company has a market cap of £87.30 billion and a P/E ratio of 12.91. The company has a fifty day moving average price of GBX 393.22 and a two-hundred day moving average price of GBX 416.20.

In related news, insider Ewen Stevenson bought 42,366 shares of the company’s stock in a transaction on Monday, August 23rd. The shares were purchased at an average cost of GBX 396 ($5.17) per share, for a total transaction of £167,769.36 ($219,191.74).

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services for ultra high net worth individuals; and wealth management services, including insurance and investment products, global asset management services, investment management, and private wealth solutions.

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