UBS AG Analysts Give HSBC Holdings plc (HSBA) a GBX 725 Price Target
HSBC Holdings plc (LON:HSBA) has been assigned a GBX 725 ($9.41) target price by equities researchers at UBS AG in a report issued on Friday, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS AG’s target price suggests a potential downside of 1.76% from the stock’s previous close.
Other equities research analysts also recently issued research reports about the stock. Berenberg Bank downgraded shares of HSBC Holdings plc to a “hold” rating and set a GBX 600 ($7.79) price target for the company. in a research report on Tuesday, July 4th. Citigroup Inc. restated a “buy” rating on shares of HSBC Holdings plc in a research report on Friday, July 21st. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 690 ($8.96) price target on shares of HSBC Holdings plc in a research report on Friday, June 30th. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a GBX 755 ($9.80) price target on shares of HSBC Holdings plc in a research report on Wednesday, July 26th. Finally, Credit Suisse Group set a GBX 630 ($8.18) price target on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research report on Monday, July 31st. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 682.40 ($8.86).
HSBC Holdings plc (LON:HSBA) opened at 730.50 on Friday. The firm’s market capitalization is GBX 148.07 billion. The firm has a 50-day moving average price of GBX 742.14 and a 200 day moving average price of GBX 686.87. HSBC Holdings plc has a one year low of GBX 518.17 and a one year high of GBX 772.00.
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In other news, insider Jonathan Symonds bought 10,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired at an average cost of GBX 766 ($9.94) per share, for a total transaction of £76,600 ($99,441.78). Also, insider Marc Moses bought 17,083 shares of the stock in a transaction that occurred on Monday, August 14th. The stock was purchased at an average price of GBX 737 ($9.57) per share, for a total transaction of £125,901.71 ($163,445.03). Insiders purchased a total of 27,147 shares of company stock worth $20,295,206 over the last quarter.
About HSBC Holdings plc
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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