HSBC Holdings plc (LON:HSBA) has been given a GBX 850 ($11.27) price objective by equities researchers at Morgan Stanley in a report released on Thursday. The firm presently has a “buy” rating on the financial services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 13.48% from the stock’s previous close.

Other equities analysts have also recently issued research reports about the stock. UBS AG set a GBX 680 ($9.02) price objective on shares of HSBC Holdings plc and gave the stock a “neutral” rating in a research note on Wednesday, June 28th. Berenberg Bank cut shares of HSBC Holdings plc to a “hold” rating and set a GBX 600 ($7.96) price objective on the stock. in a research note on Tuesday, July 4th. Citigroup Inc. reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Friday, July 21st. Barclays PLC reiterated a “hold” rating and issued a GBX 600 ($7.96) price objective on shares of HSBC Holdings plc in a research note on Wednesday, September 27th. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and issued a GBX 690 ($9.15) price objective on shares of HSBC Holdings plc in a research note on Friday, June 30th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 697.90 ($9.26).

Shares of HSBC Holdings plc (HSBA) opened at 749.00 on Thursday. The company’s market cap is GBX 151.82 billion. The stock has a 50 day moving average of GBX 734.59 and a 200 day moving average of GBX 700.94. HSBC Holdings plc has a 52-week low of GBX 518.17 and a 52-week high of GBX 772.00.

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In other HSBC Holdings plc news, insider Douglas J. Flint bought 58 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The stock was purchased at an average cost of GBX 724 ($9.60) per share, with a total value of £419.92 ($557.00). Also, insider Stuart Thomson Gulliver sold 138,143 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.71), for a total transaction of £1,011,206.76 ($1,341,300.92). In the last quarter, insiders have bought 27,202 shares of company stock worth $20,337,321.

HSBC Holdings plc Company Profile

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 Holdings plc (LON:HSBA)

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