HSBC’s (HSBA) “Hold” Rating Reaffirmed at Deutsche Bank

HSBC (LON:HSBA)‘s stock had its “hold” rating restated by equities researchers at Deutsche Bank in a research note issued on Monday. They currently have a GBX 700 ($9.83) price objective on the financial services provider’s stock. Deutsche Bank’s target price indicates a potential downside of 6.64% from the company’s current price.

Several other research firms have also recently commented on HSBA. Goldman Sachs Group set a GBX 820 ($11.52) target price on HSBC and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. UBS Group set a GBX 725 ($10.18) price target on HSBC and gave the stock a “neutral” rating in a research note on Monday, January 15th. Morgan Stanley set a GBX 850 ($11.94) price target on HSBC and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Credit Suisse Group lowered HSBC to an “underperform” rating and lifted their price target for the stock from GBX 630 ($8.85) to GBX 650 ($9.13) in a research note on Tuesday, October 10th. Finally, Royal Bank of Canada set a GBX 750 ($10.53) price target on HSBC and gave the stock a “neutral” rating in a research note on Monday, December 18th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 754 ($10.59).

HSBC (LON HSBA) traded down GBX 0.40 ($0.01) during trading on Monday, reaching GBX 749.80 ($10.53). The company had a trading volume of 27,424,313 shares, compared to its average volume of 16,390,000. HSBC has a twelve month low of GBX 518.17 ($7.28) and a twelve month high of GBX 798.60 ($11.21). The stock has a market capitalization of $149,930.00 and a PE ratio of 3,946.32.

In related news, insider Iain Mackay bought 16,980 shares of the stock in a transaction dated Monday, November 13th. The stock was bought at an average price of GBX 741 ($10.41) per share, with a total value of £125,821.80 ($176,691.20). Also, insider Laura May Lung Cha bought 8,000 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was bought at an average cost of GBX 6,210 ($87.21) per share, with a total value of £496,800 ($697,654.82).

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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.

Analyst Recommendations for HSBC (LON:HSBA)

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