HSBC (LON:HSBA – Free 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
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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