HSBC (HSBA) PT Set at GBX 725 by UBS Group

HSBC (LON:HSBA) has been given a GBX 725 ($10.17) price target by investment analysts at UBS Group in a research report issued to clients and investors on Monday, www.boersen-zeitung.de reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price suggests a potential downside of 1.04% from the company’s current price.

Other equities research analysts have also issued reports about the stock. Societe Generale restated a “buy” rating on shares of HSBC in a research report on Monday, October 23rd. Jefferies Group restated a “buy” rating and set a GBX 920 ($12.90) target price on shares of HSBC in a research report on Monday, October 30th. Citigroup restated a “buy” rating on shares of HSBC in a research report on Wednesday, November 29th. Morgan Stanley set a GBX 850 ($11.92) target price on shares of HSBC and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Finally, Barclays restated an “equal weight” rating and set a GBX 700 ($9.81) target price on shares of HSBC in a research report on Tuesday, October 31st. Three 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 company. HSBC currently has an average rating of “Hold” and an average price target of GBX 754 ($10.57).

Shares of HSBC (LON HSBA) opened at GBX 732.60 ($10.27) on Monday. The company has a market cap of $146,950.00 and a price-to-earnings ratio of 3,663.00. HSBC has a 1 year low of GBX 518.17 ($7.27) and a 1 year high of GBX 798.60 ($11.20).

In related news, insider Laura May Lung Cha acquired 8,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The stock was bought at an average price of GBX 6,210 ($87.07) per share, with a total value of £496,800 ($696,578.80).

COPYRIGHT VIOLATION WARNING: This news story was originally published by American Banking News and is the sole property of of American Banking News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.americanbankingnews.com/2018/02/12/hsbc-hsba-pt-set-at-gbx-725-by-ubs-group.html.

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)

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply