Deutsche Bank Aktiengesellschaft Forecasts Strong Price Appreciation for HSBC (LON:HSBA) Stock

HSBC (LON:HSBAGet Free Report) had its price target hoisted by research analysts at Deutsche Bank Aktiengesellschaft from GBX 1,050 to GBX 1,200 in a report issued on Friday,Digital Look reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential downside of 3.23% from the company’s previous close.

A number of other research analysts also recently commented on HSBA. Citigroup boosted their target price on HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a research note on Friday, January 9th. JPMorgan Chase & Co. increased their price objective on HSBC from GBX 1,010 to GBX 1,060 and gave the stock a “neutral” rating in a report on Tuesday, December 2nd. Shore Capital reiterated a “hold” rating and issued a GBX 1,070 target price on shares of HSBC in a research note on Friday, January 9th. Finally, Royal Bank Of Canada increased their price target on shares of HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, HSBC presently has a consensus rating of “Hold” and an average price target of GBX 1,122.50.

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HSBC Stock Down 0.3%

Shares of LON:HSBA opened at GBX 1,240 on Friday. The firm has a fifty day moving average of GBX 1,139.83 and a two-hundred day moving average of GBX 1,040.93. HSBC has a 12-month low of GBX 698.70 and a 12-month high of GBX 1,254. The firm has a market capitalization of £212.86 billion, a P/E ratio of 13.05, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.

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