Deutsche Bank Aktiengesellschaft Issues Positive Forecast for HSBC (LON:HSBA) Stock Price

HSBC (LON:HSBA) had its price target increased by Deutsche Bank Aktiengesellschaft from GBX 1,050 to GBX 1,200 in a research report sent to investors on Friday, Marketbeat reports. They currently have a hold rating on the financial services provider’s stock.

HSBA has been the subject of several other research reports. Shore Capital reissued a “hold” rating and set a GBX 1,070 target price on shares of HSBC in a research note on Friday, January 9th. Royal Bank Of Canada raised their price objective on HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Finally, Citigroup increased their target price on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a research note on Friday, January 9th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, HSBC has a consensus rating of “Hold” and an average price target of GBX 1,122.50.

HSBC Price Performance

Shares of LON HSBA opened at GBX 1,238.69 on Friday. The company has a market capitalization of £212.63 billion, a P/E ratio of 13.04, a P/E/G ratio of 5.97 and a beta of 0.52. The company has a 50 day simple moving average of GBX 1,142.52 and a 200-day simple moving average of GBX 1,043.32. HSBC has a 1 year low of GBX 698.70 and a 1 year high of GBX 1,254.

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