BNP Paribas Reiterates “GBX 825” Price Target for HSBC Holdings plc (HSBA)
HSBC Holdings plc (LON:HSBA) has been assigned a GBX 825 ($10.94) price objective by analysts at BNP Paribas in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the financial services provider’s stock. BNP Paribas’ price target points to a potential upside of 10.15% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. Citigroup Inc. reissued a “buy” rating and set a GBX 725 ($9.62) price objective on shares of HSBC Holdings plc in a research note on Friday, June 16th. Morgan Stanley set a GBX 850 ($11.27) price objective on shares of HSBC Holdings plc and gave the stock a “buy” rating in a research note on Monday, July 17th. Jefferies Group LLC initiated coverage on shares of HSBC Holdings plc in a research note on Monday, September 4th. They set a “buy” rating and a GBX 920 ($12.20) price objective for the company. Barclays PLC raised their price objective on shares of HSBC Holdings plc from GBX 650 ($8.62) to GBX 700 ($9.29) and gave the stock an “equal weight” rating in a research note on Tuesday, August 1st. Finally, Deutsche Bank AG reissued a “hold” rating and set a GBX 640 ($8.49) price objective on shares of HSBC Holdings plc in a research note on Wednesday, July 5th. Three equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of GBX 708.40 ($9.40).
HSBC Holdings plc (LON:HSBA) opened at 747.60 on Thursday. The stock’s 50 day moving average price is GBX 734.59 and its 200 day moving average price is GBX 700.94. HSBC Holdings plc has a one year low of GBX 518.17 and a one year high of GBX 772.00. The firm’s market capitalization is GBX 151.53 billion.
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In other HSBC Holdings plc news, insider Jonathan Symonds bought 10,000 shares of HSBC Holdings plc stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired at an average price of GBX 766 ($10.16) per share, for a total transaction of £76,600 ($101,604.99). Also, insider Stuart Thomson Gulliver sold 138,143 shares of HSBC Holdings plc stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.71), for a total transaction of £1,011,206.76 ($1,341,300.92). In the last quarter, insiders acquired 27,202 shares of company stock worth $20,337,321.
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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