Morgan Stanley Analysts Give HSBC Holdings plc (HSBA) a GBX 850 Price Target
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.
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