Jefferies Financial Group set a GBX 400 ($5.23) price objective on HSBC (LON:HSBA) in a research note issued to investors on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
HSBA has been the topic of a number of other research reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reissued a neutral rating on shares of HSBC in a report on Monday, October 12th. Berenberg Bank reaffirmed a neutral rating and issued a GBX 380 ($4.96) price target on shares of HSBC in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft set a GBX 300 ($3.92) price target on shares of HSBC and gave the stock a sell rating in a report on Monday, August 17th. The Goldman Sachs Group set a GBX 525 ($6.86) price target on shares of HSBC and gave the stock a buy rating in a report on Tuesday. Finally, Investec cut shares of HSBC to a hold rating and decreased their price target for the stock from GBX 520 ($6.79) to GBX 400 ($5.23) in a report on Wednesday, July 8th. Eight equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 396.56 ($5.18).
Shares of HSBA stock opened at GBX 324 ($4.23) on Tuesday. The company’s fifty day simple moving average is GBX 307.99 and its two-hundred day simple moving average is GBX 359.67. HSBC has a 1 year low of GBX 281.50 ($3.68) and a 1 year high of GBX 603.50 ($7.88). The stock has a market capitalization of $62.77 billion and a price-to-earnings ratio of -29.45.
In related news, insider Ewen Stevenson purchased 51,145 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was bought at an average cost of GBX 328 ($4.29) per share, with a total value of £167,755.60 ($219,173.77).
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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