HSBC (LON:HSBA) had its target price raised by Deutsche Bank from GBX 700 ($9.67) to GBX 708 ($9.78) in a report released on Friday, February 16th. They currently have a hold rating on the financial services provider’s stock.

A number of other brokerages also recently commented on HSBA. Goldman Sachs Group set a GBX 820 ($11.33) price objective on HSBC and gave the company a neutral rating in a research report on Wednesday, January 17th. UBS Group set a GBX 725 ($10.02) price target on HSBC and gave the company a neutral rating in a research report on Monday, January 15th. Morgan Stanley set a GBX 850 ($11.74) price target on HSBC and gave the company a buy rating in a research report on Wednesday, December 13th. Royal Bank of Canada set a GBX 750 ($10.36) target price on HSBC and gave the stock a neutral rating in a research report on Monday, December 18th. Finally, Jefferies Group reaffirmed a buy rating on shares of HSBC in a research report on Monday, December 18th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of GBX 759 ($10.49).

How to Become a New Pot Stock Millionaire

HSBC (LON HSBA) traded down GBX 7.50 ($0.10) during midday trading on Friday, hitting GBX 690.30 ($9.54). The stock had a trading volume of 30,907,950 shares, compared to its average volume of 25,620,000. The firm has a market capitalization of $138,760.00 and a PE ratio of 1,770.00. HSBC has a 12 month low of GBX 618 ($8.54) and a 12 month high of GBX 798.60 ($11.03).

In other news, insider Iain Mackay sold 120,833 shares of the stock in a transaction on Monday, March 12th. The stock was sold at an average price of GBX 706 ($9.75), for a total value of £853,080.98 ($1,178,614.23). Also, insider Laura May Lung Cha acquired 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were purchased at an average price of GBX 6,210 ($85.80) per share, with a total value of £496,800 ($686,377.45).

ILLEGAL ACTIVITY WARNING: This story was first posted by Marea Informative and is owned by of Marea Informative. If you are viewing this story on another website, it was copied illegally and reposted in violation of U.S. and international copyright law. The original version of this story can be read at https://www.mareainformativa.com/2018/03/14/hsbc-hsba-pt-raised-to-gbx-708-at-deutsche-bank-updated-updated-updated.html.

HSBC 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 (LON:HSBA)

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.