HSBC’s (HSBA) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of HSBC (LON:HSBA) in a report published on Tuesday, MarketBeat.com reports. They currently have a GBX 1,120 target price on the financial services provider’s stock.

HSBA has been the topic of several other reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,520 target price on shares of HSBC in a report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price target on HSBC from GBX 1,380 to GBX 1,450 and gave the company a “neutral” rating in a research report on Friday, August 7th. Royal Bank Of Canada increased their price target on HSBC from GBX 1,275 to GBX 1,375 and gave the company a “sector perform” rating in a report on Friday, August 14th. Finally, Citigroup lifted their price objective on HSBC from GBX 1,570 to GBX 1,640 and gave the stock a “neutral” rating in a research report on Wednesday, September 23rd. Eight analysts have rated the stock with a Hold rating. Based on data from MarketBeat, HSBC has an average rating of “Hold” and a consensus target price of GBX 1,403.

HSBC Trading Down 0.3%

Shares of LON HSBA opened at GBX 1,292.80 on Tuesday. The stock has a market cap of £221.15 billion, a PE ratio of 9.23, a P/E/G ratio of 5.97 and a beta of 0.58. HSBC has a 12-month low of GBX 1,027.80 and a 12-month high of GBX 1,610. The company has a 50-day moving average of GBX 1,470.36 and a 200 day moving average of GBX 1,383.69.

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