HSBC (LON:HSBA – Get Rating) had its price target raised by Barclays from GBX 720 ($8.82) to GBX 780 ($9.56) in a report published on Tuesday, Marketbeat.com reports. Barclays currently has an overweight rating on the financial services provider’s stock.
HSBA has been the topic of several other research reports. Royal Bank of Canada set a GBX 590 ($7.23) target price on shares of HSBC in a report on Monday, August 1st. Shore Capital restated a hold rating on shares of HSBC in a report on Monday, August 1st. Berenberg Bank lifted their target price on shares of HSBC from GBX 560 ($6.86) to GBX 625 ($7.66) and gave the company a hold rating in a report on Tuesday. Jefferies Financial Group set a GBX 574 ($7.03) price objective on shares of HSBC in a report on Wednesday, April 27th. Finally, Morgan Stanley reiterated an equal weight rating on shares of HSBC in a report on Wednesday, May 11th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of GBX 622.80 ($7.63).
HSBC Trading Up 0.2 %
LON:HSBA opened at GBX 541.90 ($6.64) on Tuesday. The firm has a market capitalization of £108.32 billion and a price-to-earnings ratio of 967.68. The firm’s fifty day simple moving average is GBX 527.65 and its 200 day simple moving average is GBX 520.15. HSBC has a twelve month low of GBX 358.45 ($4.39) and a twelve month high of GBX 567.20 ($6.95).
HSBC Cuts Dividend
Insider Activity at HSBC
In other HSBC news, insider Carolyn Fairbairn bought 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 17th. The stock was acquired at an average cost of GBX 501 ($6.14) per share, with a total value of £75,150 ($92,084.30).
HSBC Holdings plc provides banking and financial 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 and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.
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