HSBC (LON:HSBA – Get Rating) has been given a GBX 680 ($8.33) price objective by stock analysts at UBS Group in a report released on Wednesday, Borsen Zeitung reports. UBS Group’s price target points to a potential upside of 25.74% from the company’s previous close.
Several other equities research analysts also recently weighed in on the company. Barclays upped their price target on HSBC from GBX 720 ($8.82) to GBX 780 ($9.56) and gave the stock an “overweight” rating in a report on Tuesday. Royal Bank of Canada set a GBX 590 ($7.23) price target on HSBC in a report on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 570 ($6.98) price target on shares of HSBC in a report on Tuesday. Berenberg Bank upped their price objective on HSBC from GBX 560 ($6.86) to GBX 625 ($7.66) and gave the stock a “hold” rating in a research report on Tuesday. Finally, Jefferies Financial Group set a GBX 574 ($7.03) price objective on HSBC in a research report on Wednesday, April 27th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 622.80 ($7.63).
HSBC Price Performance
Shares of LON HSBA opened at GBX 540.80 ($6.63) on Wednesday. The stock’s 50-day moving average is GBX 527.46 and its two-hundred day moving average is GBX 520. HSBC has a 1-year low of GBX 358.45 ($4.39) and a 1-year high of GBX 567.20 ($6.95). The company has a market cap of £108.10 billion and a price-to-earnings ratio of 965.71.
Insider Transactions at HSBC
HSBC Company Profile
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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