HSBC (HSBA) Given a GBX 660 Price Target by Bank of America Analysts

HSBC (LON:HSBA) has been given a GBX 660 ($8.62) target price by investment analysts at Bank of America in a research note issued to investors on Tuesday. The firm presently has a “neutral” rating on the financial services provider’s stock. Bank of America‘s price target suggests a potential upside of 4.86% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 950 ($12.41) price objective on shares of HSBC in a research report on Monday, October 29th. Barclays reiterated an “equal weight” rating and set a GBX 740 ($9.67) price objective (up from GBX 700 ($9.15)) on shares of HSBC in a research report on Tuesday, October 30th. Shore Capital reiterated a “hold” rating on shares of HSBC in a research report on Monday, October 29th. Societe Generale decreased their price objective on shares of HSBC from GBX 760 ($9.93) to GBX 685 ($8.95) and set a “hold” rating for the company in a research report on Tuesday, October 30th. Finally, Deutsche Bank increased their price objective on shares of HSBC from GBX 684 ($8.94) to GBX 718 ($9.38) and gave the stock a “hold” rating in a research report on Tuesday, October 30th. Seven research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have given a buy rating to the company. HSBC presently has a consensus rating of “Hold” and a consensus target price of GBX 673.13 ($8.80).

HSBA opened at GBX 629.40 ($8.22) on Tuesday. HSBC has a twelve month low of GBX 618 ($8.08) and a twelve month high of GBX 798.60 ($10.44).

In related news, insider Iain Mackay bought 19,551 shares of the business’s stock in a transaction that occurred on Monday, December 10th. The shares were acquired at an average cost of GBX 644 ($8.42) per share, with a total value of £125,908.44 ($164,521.68).

About HSBC

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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