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).

In other HSBC news, insider Iain Mackay acquired 16,980 shares of HSBC stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of GBX 741 ($9.97) per share, with a total value of £125,821.80 ($169,342.93). Also, insider Douglas J. Flint acquired 58 shares of HSBC stock in a transaction that occurred on Wednesday, September 20th. The stock was acquired at an average cost of GBX 724 ($9.74) per share, with a total value of £419.92 ($565.17). In the last ninety days, insiders purchased 17,058 shares of company stock valued at $12,638,772.

COPYRIGHT VIOLATION WARNING: “HSBC (HSBA) Stock Rating Reaffirmed by Jefferies Group” was first reported by Watch List News and is owned by of Watch List News. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.watchlistnews.com/hsbc-hsba-stock-rating-reaffirmed-by-jefferies-group/1770520.html.

About HSBC

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.

Analyst Recommendations for HSBC (LON:HSBA)

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.