HSBC (HSBA) Earns Neutral Rating from UBS Group

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HSBC (LON:HSBA)‘s stock had its “neutral” rating restated by stock analysts at UBS Group in a research report issued on Friday, Borsen Zeitung reports. They presently have a GBX 625 ($8.17) target price on the financial services provider’s stock. UBS Group’s price objective suggests a potential downside of 8.17% from the company’s current price.

A number of other equities analysts have also recently weighed in on HSBA. JPMorgan Chase & Co. set a GBX 620 ($8.10) price target on HSBC and gave the stock a “sell” rating in a report on Tuesday, April 16th. Shore Capital reiterated a “hold” rating on shares of HSBC in a report on Friday. Morgan Stanley lowered their price target on HSBC from GBX 850 ($11.11) to GBX 790 ($10.32) and set an “overweight” rating for the company in a report on Tuesday, February 19th. Numis Securities began coverage on HSBC in a report on Tuesday, February 5th. They set a “reduce” rating and a GBX 575 ($7.51) price target for the company. Finally, Barclays set a GBX 640 ($8.36) target price on HSBC and gave the stock a “sell” rating in a research note on Wednesday, January 9th. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 663 ($8.66).

Shares of LON HSBA traded up GBX 12.90 ($0.17) during mid-day trading on Friday, reaching GBX 680.60 ($8.89). 22,584,401 shares of the company’s stock were exchanged, compared to its average volume of 26,590,000. The stock has a market cap of $137.23 billion and a PE ratio of 10.80. HSBC has a 52-week low of GBX 596.40 ($7.79) and a 52-week high of GBX 749.90 ($9.80).

In related news, insider Ewen Stevenson purchased 100,000 shares of HSBC stock in a transaction on Wednesday, February 20th. The shares were bought at an average price of GBX 645 ($8.43) per share, with a total value of £645,000 ($842,806.74). Also, insider John Flint sold 72,969 shares of the stock in a transaction dated Monday, February 25th. The shares were sold at an average price of GBX 622 ($8.13), for a total value of £453,867.18 ($593,057.86). In the last three months, insiders have sold 467,788 shares of company stock worth $292,274,178.

About HSBC

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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