HSBC (HSBA) Now Covered by Analysts at Barclays

Barclays initiated coverage on shares of HSBC (LON:HSBA) in a note issued to investors on Wednesday. The firm set an “equal weight” rating and a GBX 700 ($9.67) price target on the financial services provider’s stock. Barclays’ price target suggests a potential upside of 0.79% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Shore Capital restated a “sell” rating on shares of HSBC in a report on Tuesday, February 20th. Citigroup reaffirmed a “buy” rating on shares of HSBC in a research note on Wednesday, November 29th. Deutsche Bank reaffirmed a “hold” rating and issued a GBX 700 ($9.67) price objective on shares of HSBC in a research note on Monday, February 5th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a GBX 820 ($11.33) price objective (down previously from GBX 820 ($11.33)) on shares of HSBC in a research note on Tuesday, February 20th. Finally, Royal Bank of Canada set a GBX 750 ($10.36) price objective on shares of HSBC and gave the stock a “neutral” rating in a research note on Thursday, March 8th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 759 ($10.49).

Shares of HSBC (HSBA) opened at GBX 694.50 ($9.60) on Wednesday. The firm has a market cap of $139,080.00 and a P/E ratio of 1,780.77. HSBC has a 1-year low of GBX 618 ($8.54) and a 1-year high of GBX 798.60 ($11.03).

In other HSBC news, insider Marc Moses sold 88,231 shares of HSBC stock in a transaction on Monday, February 26th. The shares were sold at an average price of GBX 721 ($9.96), for a total transaction of £636,145.51 ($878,896.81). Also, insider Laura May Lung Cha bought 8,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were bought at an average cost of GBX 6,210 ($85.80) per share, with a total value of £496,800 ($686,377.45).

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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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