HSBC (HSBA) PT Raised to GBX 708 at Deutsche Bank
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).
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).
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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.
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