HSBC (HSBA) Given a GBX 725 Price Target at UBS Group
HSBC (LON:HSBA) has been assigned a GBX 725 ($10.02) target price by stock analysts at UBS Group in a report released on Monday, www.boersen-zeitung.de reports. The firm currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective indicates a potential downside of 1.33% from the company’s current price.
HSBA has been the subject of several other reports. Credit Suisse Group restated an “underperform” rating and issued a GBX 650 ($8.98) target price on shares of HSBC in a research note on Friday, November 3rd. Citigroup restated a “buy” rating on shares of HSBC in a research note on Wednesday, November 29th. Royal Bank of Canada set a GBX 750 ($10.36) target price on shares of HSBC and gave the company a “neutral” rating in a research note on Monday, December 18th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 690 ($9.53) target price on shares of HSBC in a research note on Tuesday, October 24th. Finally, Goldman Sachs Group set a GBX 845 ($11.67) target price on shares of HSBC and gave the company a “neutral” rating in a research note on Wednesday, October 25th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 754 ($10.42).
Shares of HSBC (LON HSBA) opened at GBX 734.80 ($10.15) on Monday. The firm has a market cap of $146,900.00 and a P/E ratio of 3,674.00. HSBC has a one year low of GBX 518.17 ($7.16) and a one year high of GBX 798.60 ($11.03).
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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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