HSBC (LON:HSBA) has been given a GBX 473 ($6.42) price objective by stock analysts at Jefferies Financial Group in a report issued on Tuesday, Borsen Zeitung reports. Jefferies Financial Group’s price target suggests a potential downside of 4.08% from the stock’s current price.
Several other equities research analysts also recently commented on HSBA. UBS Group set a GBX 500 ($6.79) target price on shares of HSBC in a research report on Tuesday, December 21st. Berenberg Bank reiterated a “hold” rating and set a GBX 470 ($6.38) target price on shares of HSBC in a research report on Wednesday, December 1st. The Goldman Sachs Group set a GBX 620 ($8.42) target price on shares of HSBC in a research report on Tuesday, November 2nd. JPMorgan Chase & Co. set a GBX 450 ($6.11) target price on shares of HSBC in a research report on Monday, December 6th. Finally, Morgan Stanley boosted their price target on shares of HSBC from GBX 460 ($6.24) to GBX 484 ($6.57) and gave the stock an “equal weight” rating in a research report on Thursday, December 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of GBX 492.67 ($6.69).
LON:HSBA opened at GBX 493.10 ($6.69) on Tuesday. The firm’s 50 day simple moving average is GBX 442.39 and its 200 day simple moving average is GBX 417.26. HSBC has a one year low of GBX 344.46 ($4.68) and a one year high of GBX 494.40 ($6.71). The company has a market cap of £100.11 billion and a PE ratio of 12.14.
In related news, insider Ewen Stevenson bought 38,653 shares of the company’s stock in a transaction that occurred on Monday, November 15th. The shares were bought at an average price of GBX 434 ($5.89) per share, for a total transaction of £167,754.02 ($227,710.09).
HSBC Company Profile
HSBC Holdings plc provides banking and financial products and services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services for ultra high net worth individuals; and wealth management services, including insurance and investment products, global asset management services, investment management, and private wealth solutions.