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).
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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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