UBS Group set a GBX 725 ($10.18) price target on HSBC (LON:HSBA) in a report published on Thursday, January 4th, reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other brokerages also recently issued reports on HSBA. Shore Capital reaffirmed a sell rating on shares of HSBC in a research report on Monday, October 30th. Royal Bank of Canada set a GBX 720 ($10.11) price target on HSBC and gave the company a neutral rating in a research report on Friday, November 3rd. Barclays reaffirmed an equal weight rating and issued a GBX 700 ($9.83) price target on shares of HSBC in a research report on Thursday, October 5th. Jefferies Group reissued a buy rating and set a GBX 920 ($12.92) target price on shares of HSBC in a research report on Wednesday, September 27th. Finally, JPMorgan Chase & Co. set a GBX 690 ($9.69) target price on HSBC and gave the stock a neutral rating in a research report on Wednesday, November 29th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. HSBC presently has an average rating of Hold and a consensus price target of GBX 748.67 ($10.51).

Shares of HSBC (LON HSBA) traded down GBX 0.10 ($0.00) during trading hours on Thursday, hitting GBX 770.50 ($10.82). The stock had a trading volume of 17,140,000 shares, compared to its average volume of 16,950,000. The firm has a market capitalization of $154,060.00 and a P/E ratio of 4,055.26. HSBC has a 12 month low of GBX 518.17 ($7.28) and a 12 month high of GBX 798.60 ($11.21).

In other news, insider Laura May Lung Cha bought 8,000 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The stock was bought at an average price of GBX 6,210 ($87.21) per share, for a total transaction of £496,800 ($697,654.82). Also, insider Iain Mackay bought 16,980 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was purchased at an average price of GBX 741 ($10.41) per share, with a total value of £125,821.80 ($176,691.20).

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About HSBC

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 (LON:HSBA)

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