JPMorgan Chase & Co. set a GBX 750 ($9.80) price target on HSBC (LON:HSBA) in a research note released on Monday. The brokerage currently has a neutral rating on the financial services provider’s stock.
HSBA has been the subject of a number of other research reports. Societe Generale cut HSBC to a hold rating in a research report on Monday, September 10th. Goldman Sachs Group lowered their price target on HSBC from GBX 810 ($10.58) to GBX 800 ($10.45) and set a neutral rating for the company in a research report on Monday, August 6th. Credit Suisse Group set a GBX 720 ($9.41) price objective on HSBC and gave the company a neutral rating in a report on Tuesday, August 7th. Deutsche Bank set a GBX 684 ($8.94) price objective on HSBC and gave the company a neutral rating in a report on Friday, October 12th. Finally, Royal Bank of Canada set a GBX 730 ($9.54) price objective on HSBC and gave the company a neutral rating in a report on Monday, August 6th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two 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 719.86 ($9.41).
Shares of HSBA opened at GBX 645.10 ($8.43) on Monday. HSBC has a one year low of GBX 618 ($8.08) and a one year high of GBX 798.60 ($10.44).
In other news, insider Iain Mackay sold 24,021 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of GBX 657 ($8.58), for a total value of £157,817.97 ($206,217.13).
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.
Featured Story: Momentum Indicator: Relative Strength Index
Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.