JPMorgan Chase & Co. set a GBX 750 ($9.80) price objective on HSBC (LON:HSBA) in a research note issued to investors on Monday. The brokerage currently has a neutral rating on the financial services provider’s stock.
Several other research analysts also recently weighed in on HSBA. Deutsche Bank set a GBX 720 ($9.41) target price on shares of HSBC and gave the stock a neutral rating in a research report on Tuesday, July 10th. Berenberg Bank reissued a hold rating and issued a GBX 680 ($8.89) target price on shares of HSBC in a research report on Monday, July 23rd. Goldman Sachs Group set a GBX 790 ($10.32) target price on shares of HSBC and gave the stock a neutral rating in a research report on Monday, July 23rd. Shore Capital reissued a sell rating on shares of HSBC in a research report on Monday, August 6th. Finally, Royal Bank of Canada set a GBX 730 ($9.54) target price on shares of HSBC and gave the stock a neutral rating in a research report on Monday, August 6th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 719.86 ($9.41).
HSBC stock opened at GBX 644.20 ($8.42) on Monday. HSBC has a fifty-two week low of GBX 618 ($8.08) and a fifty-two week high of GBX 798.60 ($10.44).
In related news, insider Iain Mackay sold 24,021 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of GBX 657 ($8.58), for a total transaction of £157,817.97 ($206,217.13).
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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