HSBC (LON:HSBA) Price Target Raised to GBX 1,375

HSBC (LON:HSBA) had its price target boosted by Royal Bank Of Canada from GBX 1,275 to GBX 1,375 in a research report report published on Friday morning,London Stock Exchange reports. They currently have a sector perform rating on the financial services provider’s stock.

Several other equities research analysts also recently commented on HSBA. Citigroup lowered their target price on shares of HSBC from GBX 1,640 to GBX 1,570 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,120 price target on shares of HSBC in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,520 price target on shares of HSBC in a report on Wednesday, August 5th. JPMorgan Chase & Co. upped their price objective on shares of HSBC from GBX 1,380 to GBX 1,450 and gave the company a “neutral” rating in a research report on Friday, August 7th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 1,419 price objective on shares of HSBC in a research note on Tuesday, May 5th. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, HSBC presently has a consensus rating of “Hold” and an average target price of GBX 1,394.25.

HSBC Price Performance

Shares of LON:HSBA opened at GBX 1,537.80 on Friday. The company has a market capitalization of £263.71 billion, a price-to-earnings ratio of 12.71, a P/E/G ratio of 5.97 and a beta of 0.58. The firm’s 50 day simple moving average is GBX 1,471.53 and its 200 day simple moving average is GBX 1,360.42. HSBC has a fifty-two week low of GBX 928.10 and a fifty-two week high of GBX 1,610.

Insider Activity

In other news, insider Pam Kaur acquired 2,345 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of GBX 1,340 per share, for a total transaction of £31,423. Insiders own 0.14% of the company’s stock.

HSBC Company Profile