HSBC (LON:HSBA) PT Set at GBX 700 by UBS Group

HSBC (LON:HSBAGet Rating) received a GBX 700 ($8.28) price target from UBS Group in a research report issued on Monday, Borsen Zeitung reports. UBS Group’s target price indicates a potential upside of 43.78% from the company’s previous close.

HSBA has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft set a GBX 650 ($7.69) target price on shares of HSBC in a research note on Thursday, October 27th. Citigroup reiterated a “buy” rating and issued a GBX 700 ($8.28) target price on shares of HSBC in a research note on Monday, August 8th. Shore Capital restated a “buy” rating on shares of HSBC in a research report on Tuesday, October 25th. Jefferies Financial Group set a GBX 574 ($6.79) price objective on shares of HSBC in a research report on Tuesday, October 25th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of HSBC from GBX 590 ($6.98) to GBX 530 ($6.27) and set a “neutral” rating for the company in a research report on Thursday, October 27th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from, the company presently has an average rating of “Hold” and an average price target of GBX 641.18 ($7.58).

HSBC Trading Up 0.7 %

LON:HSBA opened at GBX 486.85 ($5.76) on Monday. HSBC has a 1 year low of GBX 409.85 ($4.85) and a 1 year high of GBX 567.20 ($6.71). The firm has a 50 day moving average of GBX 479.10 and a 200-day moving average of GBX 509.29. The stock has a market capitalization of £97.22 billion and a P/E ratio of 973.70.

Insider Buying and Selling at HSBC

In other HSBC news, insider Ewen Stevenson bought 40,025 shares of the company’s stock in a transaction on Monday, November 21st. The stock was bought at an average price of GBX 479 ($5.66) per share, for a total transaction of £191,719.75 ($226,699.48).

About HSBC

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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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