HSBC (LON:HSBA) has been assigned a GBX 725 ($9.69) price objective by equities researchers at UBS Group in a research note issued to investors on Thursday, www.boersen-zeitung.de reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective indicates a potential downside of 5.36% from the stock’s current price.
HSBA has been the topic of several other reports. Morgan Stanley set a GBX 850 ($11.37) target price on HSBC and gave the company a “buy” rating in a research report on Wednesday, December 13th. Goldman Sachs Group set a GBX 845 ($11.30) price objective on HSBC and gave the company a “neutral” rating in a research report on Monday, October 9th. Credit Suisse Group downgraded HSBC to an “underperform” rating and boosted their price objective for the company from GBX 630 ($8.42) to GBX 650 ($8.69) in a research report on Tuesday, October 10th. Royal Bank of Canada set a GBX 750 ($10.03) price objective on HSBC and gave the company a “neutral” rating in a research report on Monday, December 18th. Finally, Jefferies Group restated a “buy” rating on shares of HSBC in a research report on Monday, December 18th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 748.33 ($10.01).
Shares of HSBC (LON:HSBA) traded up GBX 2.70 ($0.04) on Thursday, hitting GBX 766.10 ($10.24). The company had a trading volume of 19,340,000 shares, compared to its average volume of 19,590,000. HSBC has a one year low of GBX 518.17 ($6.93) and a one year high of GBX 774.90 ($10.36). The company has a market capitalization of $153,180.00 and a price-to-earnings ratio of 3,830.50.
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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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