Royal Bank Of Canada Analysts Give HSBC Holdings plc (HSBA) a GBX 720 Price Target
HSBC Holdings plc (LON:HSBA) has been assigned a GBX 720 ($9.50) target price by Royal Bank Of Canada in a report released on Friday. The firm presently has a “neutral” rating on the financial services provider’s stock. Royal Bank Of Canada’s price objective indicates a potential downside of 2.53% from the stock’s current price.
A number of other brokerages have also weighed in on HSBA. Shore Capital reiterated a “sell” rating on shares of HSBC Holdings plc in a research note on Monday. Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 755 ($9.96) target price on shares of HSBC Holdings plc in a research note on Wednesday, July 26th. Barclays PLC reiterated an “equal weight” rating and set a GBX 700 ($9.24) target price on shares of HSBC Holdings plc in a research note on Thursday, October 5th. UBS AG set a GBX 725 ($9.57) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a research note on Friday, August 18th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a GBX 920 ($12.14) target price on shares of HSBC Holdings plc in a research note on Wednesday, September 27th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the stock. HSBC Holdings plc currently has an average rating of “Hold” and a consensus price target of GBX 716.80 ($9.46).
In other HSBC Holdings plc news, insider Douglas J. Flint acquired 58 shares of the stock in a transaction dated Wednesday, September 20th. The stock was purchased at an average cost of GBX 724 ($9.55) per share, with a total value of £419.92 ($554.13). Also, insider Marc Moses acquired 17,083 shares of the stock in a transaction dated Monday, August 14th. The stock was acquired at an average cost of GBX 737 ($9.73) per share, with a total value of £125,901.71 ($166,141.08). Over the last ninety days, insiders have purchased 17,182 shares of company stock valued at $12,662,261.
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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