HSBC Reaffirms “Hold” Rating for HSBC (LON:HSBA)

HSBC (LON:HSBAGet Free Report)‘s stock had its “hold” rating reissued by stock analysts at HSBC in a research note issued on Wednesday,Digital Look reports. They currently have a GBX 1,450 target price on the financial services provider’s stock. HSBC’s price target would indicate a potential upside of 6.96% from the company’s current price.

Other equities analysts have also issued reports about the stock. UBS Group reaffirmed a “neutral” rating and set a GBX 1,419 target price on shares of HSBC in a report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their target price on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a report on Friday, January 23rd. Shore Capital Group raised HSBC to a “sell” rating in a report on Tuesday. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,120 price objective on shares of HSBC in a report on Tuesday. Finally, Citigroup raised their price objective on HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, HSBC currently has a consensus rating of “Hold” and a consensus target price of GBX 1,248.63.

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HSBC Stock Up 5.9%

Shares of LON:HSBA traded up GBX 75.80 during trading on Wednesday, hitting GBX 1,355.60. 497,398,344 shares of the stock traded hands, compared to its average volume of 30,741,154. The company has a market cap of £232.46 billion, a price-to-earnings ratio of 11.30, a P/E/G ratio of 5.97 and a beta of 0.57. The company has a fifty day moving average price of GBX 1,280.18 and a two-hundred day moving average price of GBX 1,195.80. HSBC has a 52-week low of GBX 835.30 and a 52-week high of GBX 1,410.60.

Insider Transactions at HSBC

In related news, insider Georges Elhedery purchased 842,628 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average cost of GBX 1,282 per share, with a total value of £10,802,490.96. Also, insider Pam Kaur sold 81,967 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60. Insiders sold a total of 242,798 shares of company stock worth $308,402,488 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Trending Headlines about HSBC

Here are the key news stories impacting HSBC this week:

  • Positive Sentiment: OCBC agreed to buy HSBC’s Indonesia wealth and retail/premier banking business, bringing S$6.6bn of AUM and a reported $480m premium — helps HSBC simplify its footprint and frees capital that could support returns. OCBC to acquire HSBC Indonesia’s wealth, retail business
  • Neutral Sentiment: UBS reaffirmed a “neutral” rating with a GBX 1,419 price target — offers some analyst support given the PT is above the current open, but it is not a bullish upgrade. Digital Look (UBS note)
  • Neutral Sentiment: Jefferies reaffirmed a “hold” with a GBX 1,120 target — another steady broker view that keeps expectations muted. Digital Look (Jefferies note)
  • Negative Sentiment: HSBC reported Q1 profit fell to about $9.4bn after a $400m fraud-linked charge in the U.K.; the charge and associated issues drove an earnings miss that weighs on near-term sentiment. HSBC Profit Drops to $9.4 Billion
  • Negative Sentiment: Higher credit losses and provisions (including in the Middle East) reduced Q1 profit and offset wealth-management revenue growth, increasing risk that capital generation may be weaker than expected. Seeking Alpha: higher credit losses
  • Negative Sentiment: Coverage noted that Middle East provisions largely offset wealth growth, leaving underlying profitability flat — a sign of regional risk weighing on results. SCMP: Middle East provisions offset wealth growth
  • Negative Sentiment: Shore Capital moved the stock to a “sell” stance, adding downward pressure from at least one regional broker. Digital Look (Shore Capital note)
  • Negative Sentiment: HSBC cautioned about macro risks to equity markets and investor complacency — messaging that can make investors more defensive amid weaker quarterly numbers. MSN: HSBC flags risks to stocks

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