Morgan Stanley restated their neutral rating on shares of HSBC (LON:HSBA) in a research note released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a GBX 360 ($4.71) price objective on the financial services provider’s stock.

A number of other analysts also recently issued reports on the stock. UBS Group set a GBX 410 ($5.36) price target on shares of HSBC and gave the stock a neutral rating in a report on Monday, August 3rd. Deutsche Bank restated a sell rating and issued a GBX 300 ($3.92) price objective on shares of HSBC in a report on Tuesday, August 4th. Barclays reiterated a sell rating and set a GBX 350 ($4.58) price target on shares of HSBC in a research note on Wednesday, August 5th. Royal Bank of Canada set a GBX 410 ($5.36) price target on shares of HSBC and gave the stock a sell rating in a research note on Monday, August 3rd. Finally, Investec lowered shares of HSBC to a hold rating and dropped their price objective for the company from GBX 520 ($6.80) to GBX 400 ($5.23) in a research note on Wednesday, July 8th. Eight investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. HSBC has a consensus rating of Hold and an average target price of GBX 410.31 ($5.36).

HSBA stock opened at GBX 343.75 ($4.49) on Tuesday. The company’s 50-day simple moving average is GBX 366.53 and its 200-day simple moving average is GBX 436.47. HSBC has a 52-week low of GBX 3.76 ($0.05) and a 52-week high of GBX 741 ($9.69). The firm has a market cap of $70.01 billion and a P/E ratio of 19.95.

In other HSBC news, insider Ewen Stevenson purchased 44,283 shares of HSBC stock in a transaction on Tuesday, May 26th. The shares were bought at an average price of GBX 379 ($4.95) per share, with a total value of £167,832.57 ($219,417.66).

HSBC Company Profile

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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Analyst Recommendations for HSBC (LON:HSBA)

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