HSBC (HSBA) Price Target Raised to GBX 750 at UBS Group
HSBC (LON:HSBA) had its price target raised by UBS Group from GBX 735 ($9.38) to GBX 750 ($9.57) in a research report sent to investors on Tuesday, www.boersen-zeitung.de reports. UBS Group currently has a neutral rating on the financial services provider’s stock.
Several other brokerages have also recently weighed in on HSBA. Credit Suisse Group restated a neutral rating and set a GBX 740 ($9.44) price objective on shares of HSBC in a research note on Friday, June 8th. Barclays set a GBX 740 ($9.44) price objective on HSBC and gave the company a neutral rating in a research note on Tuesday, August 7th. Cfra set a GBX 780 ($9.95) price objective on HSBC and gave the company a neutral rating in a research note on Friday, May 4th. Royal Bank of Canada set a GBX 730 ($9.31) price objective on HSBC and gave the company a neutral rating in a research note on Friday, May 4th. Finally, Deutsche Bank restated a hold rating and set a GBX 720 ($9.18) price objective on shares of HSBC in a research note on Tuesday, June 12th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 764.89 ($9.76).
Shares of HSBA opened at GBX 696.90 ($8.89) on Tuesday. HSBC has a 12-month low of GBX 618 ($7.88) and a 12-month high of GBX 798.60 ($10.19).
In related news, insider Marc Moses acquired 17,176 shares of the company’s stock in a transaction on Tuesday, May 29th. The shares were acquired at an average cost of GBX 733 ($9.35) per share, for a total transaction of £125,900.08 ($160,607.32).
HSBC Company Profile
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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