Credit Suisse Group Analysts Give HSBC (LON:HSBA) a GBX 635 Price Target
Credit Suisse Group set a GBX 635 ($8.35) price target on HSBC (LON:HSBA) in a research report sent to investors on Friday morning, Borsen Zeitung reports. The firm currently has a buy rating on the financial services provider’s stock.
A number of other research firms also recently issued reports on HSBA. Societe Generale cut their target price on shares of HSBC from GBX 644 ($8.47) to GBX 600 ($7.89) and set a hold rating on the stock in a research report on Thursday, February 20th. DZ Bank upped their target price on shares of HSBC from GBX 500 ($6.58) to GBX 540 ($7.10) and gave the company a sell rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. set a GBX 600 ($7.89) target price on shares of HSBC and gave the company a sell rating in a research report on Tuesday, February 18th. Jefferies Financial Group restated a buy rating and set a GBX 790 ($10.39) target price on shares of HSBC in a research report on Tuesday, February 18th. Finally, Berenberg Bank restated a sell rating on shares of HSBC in a research report on Monday, December 2nd. Nine analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. HSBC presently has an average rating of Hold and a consensus target price of GBX 588.33 ($7.74).
HSBC stock traded down GBX 5.40 ($0.07) during trading hours on Friday, reaching GBX 523.90 ($6.89). 86,427,352 shares of the company’s stock traded hands, compared to its average volume of 26,590,000. HSBC has a fifty-two week low of GBX 0.06 ($0.00) and a fifty-two week high of GBX 741 ($9.75). The firm has a market capitalization of $106.42 billion and a price-to-earnings ratio of 17.70. The firm’s 50 day moving average is GBX 574.09 and its 200-day moving average is GBX 590.80.
In other news, insider Ewen Stevenson sold 45,215 shares of the company’s stock in a transaction dated Friday, February 21st. The stock was sold at an average price of GBX 562 ($7.39), for a total value of £254,108.30 ($334,265.06). Also, insider John Hinshaw sold 6,430 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of GBX 551 ($7.25), for a total value of £35,429.30 ($46,605.24).
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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