HSBC (HSBA) PT Set at GBX 850 by Morgan Stanley
HSBC (LON:HSBA) received a GBX 850 ($11.44) price objective from investment analysts at Morgan Stanley in a report released on Wednesday. The firm currently has a “buy” rating on the financial services provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 13.44% from the company’s current price.
A number of other brokerages also recently issued reports on HSBA. Shore Capital restated a “sell” rating on shares of HSBC in a research report on Monday, October 30th. Royal Bank of Canada set a GBX 720 ($9.69) price objective on HSBC and gave the company a “neutral” rating in a research report on Friday, November 3rd. Barclays reiterated an “equal weight” rating and issued a GBX 700 ($9.42) price target on shares of HSBC in a report on Thursday, October 5th. UBS set a GBX 725 ($9.76) price target on HSBC and gave the stock a “neutral” rating in a report on Friday, August 18th. Finally, Jefferies Group reiterated a “buy” rating and issued a GBX 920 ($12.38) price target on shares of HSBC in a report on Wednesday, September 27th. Three equities 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 stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 746.33 ($10.04).
Shares of HSBC (HSBA) opened at GBX 749.30 ($10.08) on Wednesday. HSBC has a 52-week low of GBX 518.17 ($6.97) and a 52-week high of GBX 773.20 ($10.41).
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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