Morgan Stanley Reiterates GBX 850 Price Target for HSBC (HSBA)
HSBC (LON:HSBA) has been assigned a GBX 850 ($11.44) target price by equities researchers at Morgan Stanley in a research report issued on Wednesday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 10.28% from the company’s previous close.
HSBA has been the subject of several other research reports. BNP Paribas set a GBX 825 ($11.10) price objective on shares of HSBC and gave the company a “buy” rating in a research note on Thursday, October 5th. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 650 ($8.75) price objective on shares of HSBC in a research note on Friday, November 3rd. UBS set a GBX 725 ($9.76) price objective on shares of HSBC and gave the company a “neutral” rating in a research note on Monday, September 4th. Deutsche Bank reiterated a “hold” rating and issued a GBX 737 ($9.92) price objective on shares of HSBC in a research note on Tuesday, September 26th. Finally, Citigroup restated a “buy” rating on shares of HSBC in a report on Wednesday, November 29th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 746.33 ($10.04).
Shares of HSBC (LON HSBA) opened at GBX 770.80 ($10.37) on Wednesday. HSBC has a 52 week low of GBX 518.17 ($6.97) and a 52 week high of GBX 772 ($10.39).
HSBC Company Profile
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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