HSBC (LON:HSBA) has been given a GBX 725 ($10.17) price objective by analysts at UBS Group in a research report issued to clients and investors on Monday, www.boersen-zeitung.de reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price target would suggest a potential downside of 1.04% from the company’s previous close.

A number of other equities research analysts have also commented on the company. Citigroup restated a “buy” rating on shares of HSBC in a research report on Monday. Deutsche Bank restated a “hold” rating and set a GBX 700 ($9.81) price target on shares of HSBC in a research report on Monday, February 5th. Berenberg Bank increased their price target on HSBC from GBX 600 ($8.41) to GBX 680 ($9.53) and gave the stock a “hold” rating in a research report on Monday, February 5th. Goldman Sachs Group set a GBX 820 ($11.50) price target on HSBC and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Finally, Royal Bank of Canada set a GBX 750 ($10.52) price target on HSBC and gave the stock a “neutral” rating in a research report on Monday, December 18th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 754 ($10.57).

Shares of HSBC (HSBA) opened at GBX 732.60 ($10.27) on Monday. The company has a market capitalization of $146,950.00 and a P/E ratio of 3,663.00. HSBC has a 12-month low of GBX 518.17 ($7.27) and a 12-month high of GBX 798.60 ($11.20).

In related news, insider Laura May Lung Cha purchased 8,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were bought at an average price of GBX 6,210 ($87.07) per share, with a total value of £496,800 ($696,578.80).

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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.

Analyst Recommendations for HSBC (LON:HSBA)

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