Several other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group set a GBX 800 ($9.80) price objective on shares of HSBC in a research report on Monday. Berenberg Bank reaffirmed a hold rating and issued a GBX 560 ($6.86) price target on shares of HSBC in a research report on Tuesday, June 14th. Credit Suisse Group set a GBX 525 ($6.43) price target on shares of HSBC in a research report on Tuesday, July 5th. JPMorgan Chase & Co. set a GBX 550 ($6.74) price target on shares of HSBC in a research report on Monday, July 4th. Finally, Morgan Stanley reaffirmed an equal weight rating on shares of HSBC in a research report on Wednesday, May 11th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of GBX 600.80 ($7.36).
HSBC Price Performance
HSBC stock opened at GBX 535.40 ($6.56) on Monday. The stock has a market cap of £107.34 billion and a price-to-earnings ratio of 1,110.42. HSBC has a 1 year low of GBX 358.45 ($4.39) and a 1 year high of GBX 567.20 ($6.95). The firm has a 50-day moving average of GBX 526.40 and a two-hundred day moving average of GBX 519.52.
HSBC Cuts Dividend
Insider Buying and Selling
In other news, insider Carolyn Fairbairn acquired 15,000 shares of HSBC stock in a transaction that occurred on Tuesday, May 17th. The stock was purchased at an average price of GBX 501 ($6.14) per share, for a total transaction 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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