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).
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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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