HSBC (LON:HSBA) has been given a GBX 725 ($9.69) price target by analysts at UBS Group in a note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective would indicate a potential downside of 5.40% from the stock’s previous close.
A number of other brokerages also recently weighed in on HSBA. Shore Capital reaffirmed a “sell” rating on shares of HSBC in a research note on Monday, October 30th. Credit Suisse Group downgraded shares of HSBC to an “underperform” rating and boosted their target price for the stock from GBX 630 ($8.42) to GBX 650 ($8.69) in a research note on Tuesday, October 10th. Morgan Stanley set a GBX 850 ($11.37) target price on shares of HSBC and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Citigroup reaffirmed a “buy” rating on shares of HSBC in a research note on Wednesday, December 6th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a GBX 920 ($12.30) target price on shares of HSBC in a research note on Monday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of GBX 748.33 ($10.01).
HSBC (LON HSBA) opened at GBX 766.36 ($10.25) on Thursday. HSBC has a 1-year low of GBX 518.17 ($6.93) and a 1-year high of GBX 774.90 ($10.36). The stock has a market cap of $152,810.00 and a PE ratio of 3,831.80.
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HSBC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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