HSBC Holdings plc (HSBA) Stock Rating Reaffirmed by Morgan Stanley
HSBC Holdings plc (LON:HSBA)‘s stock had its “overweight” rating reissued by equities researchers at Morgan Stanley in a report released on Friday. They currently have a GBX 850 ($11.43) price objective on the financial services provider’s stock. Morgan Stanley’s price target indicates a potential upside of 15.32% from the stock’s current price.
HSBA has been the topic of several other research reports. Citigroup Inc. reissued a “buy” rating and issued a GBX 725 ($9.75) price target on shares of HSBC Holdings plc in a research report on Friday, June 16th. BNP Paribas reissued an “outperform” rating and issued a GBX 715 ($9.62) price target on shares of HSBC Holdings plc in a research report on Wednesday, July 19th. Barclays PLC lifted their price target on shares of HSBC Holdings plc from GBX 650 ($8.74) to GBX 700 ($9.41) and gave the company an “equal weight” rating in a research report on Tuesday, August 1st. Shore Capital reissued a “sell” rating on shares of HSBC Holdings plc in a research report on Monday, July 31st. Finally, Credit Suisse Group set a GBX 630 ($8.47) price target on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research report on Monday, July 31st. Three research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 697.90 ($9.39).
HSBC Holdings plc (HSBA) opened at 737.10 on Friday. HSBC Holdings plc has a 52-week low of GBX 518.17 and a 52-week high of GBX 772.00. The firm’s market capitalization is GBX 149.41 billion. The company has a 50 day moving average price of GBX 742.94 and a 200 day moving average price of GBX 695.97.
In related news, insider Marc Moses purchased 17,083 shares of the stock in a transaction dated Monday, August 14th. The stock was bought at an average cost of GBX 737 ($9.91) per share, with a total value of £125,901.71 ($169,313.76). Also, insider Douglas J. Flint purchased 58 shares of the stock in a transaction dated Wednesday, September 20th. The stock was bought at an average cost of GBX 724 ($9.74) per share, with a total value of £419.92 ($564.71). Insiders have acquired a total of 27,202 shares of company stock valued at $20,337,321 over the last three months.
About HSBC Holdings plc
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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