HSBC (HSBA) PT Set at GBX 725 by UBS Group
HSBC (LON:HSBA) has been given a GBX 725 ($9.83) price objective by UBS Group in a research report issued to clients and investors on Monday, www.boersen-zeitung.de reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective indicates a potential downside of 7.53% from the stock’s current price.
Several other equities research analysts have also recently issued reports on HSBA. Barclays reiterated a “hold” rating and issued a GBX 600 ($8.14) price objective on shares of HSBC in a report on Wednesday, September 27th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 850 ($11.53) price objective on shares of HSBC in a report on Friday, September 29th. Berenberg Bank reiterated a “hold” rating and issued a GBX 600 ($8.14) price objective on shares of HSBC in a report on Thursday, September 28th. Deutsche Bank reiterated a “hold” rating and issued a GBX 737 ($9.99) price objective on shares of HSBC in a report on Tuesday, September 26th. Finally, Jefferies Group reissued a “buy” rating and issued a GBX 920 ($12.48) target price on shares of HSBC in a research note on Wednesday, September 27th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 748.33 ($10.15).
Shares of HSBC (HSBA) opened at GBX 784 ($10.63) on Monday. HSBC has a twelve month low of GBX 518.17 ($7.03) and a twelve month high of GBX 798.60 ($10.83). The stock has a market capitalization of $154,580.00 and a PE ratio of 3,920.00.
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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