Shore Capital restated their buy rating on shares of HSBC (LON:HSBA – Get Rating) in a research report sent to investors on Monday morning, LSE.Co.UK reports.
Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their price objective on shares of HSBC from GBX 570 ($6.95) to GBX 650 ($7.92) and gave the company a neutral rating in a report on Monday, February 27th. UBS Group set a GBX 700 ($8.53) price objective on shares of HSBC in a report on Tuesday, March 7th. Jefferies Financial Group set a GBX 900 ($10.97) price objective on shares of HSBC in a report on Tuesday, March 7th. Citigroup reissued a buy rating on shares of HSBC in a report on Tuesday, February 7th. Finally, Credit Suisse Group set a GBX 585 ($7.13) target price on shares of HSBC in a research report on Wednesday, February 22nd. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average price target of GBX 743.50 ($9.06).
HSBC Trading Down 4.1 %
Shares of HSBA opened at GBX 568.10 ($6.92) on Monday. HSBC has a 12-month low of GBX 434.70 ($5.30) and a 12-month high of GBX 653.80 ($7.97). The firm has a 50-day moving average price of GBX 601.90 and a 200 day moving average price of GBX 531.48. The firm has a market capitalization of £113.45 billion, a P/E ratio of 962.88, a P/E/G ratio of 0.90 and a beta of 0.62.
HSBC Increases Dividend
Insider Buying and Selling
In other HSBC news, insider Georges Elhedery sold 52,907 shares of the business’s stock in a transaction on Monday, February 27th. The shares were sold at an average price of GBX 633 ($7.71), for a total value of £334,901.31 ($408,167.35). 0.23% of the stock is owned by insiders.
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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