HSBC (HSBA) Stock Rating Reaffirmed by Jefferies Group
HSBC (LON:HSBA)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group in a research note issued to investors on Monday.
Several other research firms have also recently weighed in on HSBA. Shore Capital reiterated 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 shares of HSBC and gave the stock a “neutral” rating in a research report on Friday, November 3rd. Barclays reiterated an “equal weight” rating and set a GBX 700 ($9.42) price objective on shares of HSBC in a research report on Thursday, October 5th. J P Morgan Chase & Co set a GBX 690 ($9.29) price objective on shares of HSBC and gave the stock a “neutral” rating in a research report on Wednesday, November 29th. Finally, Goldman Sachs Group set a GBX 845 ($11.37) price objective on shares of HSBC and gave the stock a “neutral” rating in a research report on Monday, October 16th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. HSBC currently has an average rating of “Hold” and an average price target of GBX 746.33 ($10.04).
HSBC (LON HSBA) opened at GBX 751.50 ($10.11) on Monday. HSBC has a 52-week low of GBX 518.17 ($6.97) and a 52-week high of GBX 773.20 ($10.41).
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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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