HSBC (LON:HSBA) Given New GBX 1,375 Price Target at Royal Bank Of Canada

HSBC (LON:HSBAFree Report) had its price target raised by Royal Bank Of Canada from GBX 1,275 to GBX 1,375 in a research note published on Friday morning,London Stock Exchange reports. Royal Bank Of Canada currently has a sector perform rating on the financial services provider’s stock.

Other research analysts also recently issued research reports about the company. Shore Capital Group upgraded HSBC to a “hold” rating and raised their price target for the stock from GBX 1,210 to GBX 1,250 in a research note on Thursday, May 7th. HSBC reiterated a “hold” rating and issued a GBX 1,450 price objective on shares of HSBC in a research note on Wednesday, May 6th. Citigroup decreased their price objective on HSBC from GBX 1,640 to GBX 1,570 and set a “neutral” rating for the company in a report on Wednesday, August 5th. UBS Group restated a “neutral” rating and set a GBX 1,419 target price on shares of HSBC in a research report on Tuesday, May 5th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 1,120 target price on shares of HSBC in a research report on Tuesday, August 4th. Eight research analysts have rated the stock with a Hold rating, According to data from MarketBeat, HSBC has an average rating of “Hold” and a consensus price target of GBX 1,394.25.

Check Out Our Latest Research Report on HSBA

HSBC Stock Performance

HSBA opened at GBX 1,539.40 on Friday. The business’s 50-day simple moving average is GBX 1,471.53 and its 200-day simple moving average is GBX 1,360.42. HSBC has a one year low of GBX 928.10 and a one year high of GBX 1,610. The stock has a market capitalization of £263.98 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 5.97 and a beta of 0.58.

Insider Transactions at HSBC

In related news, insider Pam Kaur purchased 2,345 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were purchased at an average price of GBX 1,340 per share, for a total transaction of £31,423. 0.14% of the stock is owned by company insiders.

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