UBS AG Analysts Give HSBC Holdings plc (HSBA) a GBX 725 Price Target
HSBC Holdings plc (LON:HSBA) has been assigned a GBX 725 ($9.63) target price by analysts at UBS AG in a research note issued on Friday. The brokerage presently has a “neutral” rating on the financial services provider’s stock. UBS AG’s price objective suggests a potential downside of 2.41% from the company’s previous close.
A number of other equities research analysts have also issued reports on HSBA. J P Morgan Chase & Co set a GBX 690 ($9.17) price target on HSBC Holdings plc and gave the stock a “neutral” rating in a research note on Thursday, August 10th. Goldman Sachs Group, Inc. (The) set a GBX 790 ($10.50) price target on HSBC Holdings plc and gave the stock a “neutral” rating in a research note on Friday, August 11th. Barclays PLC reiterated a “hold” rating and issued a GBX 600 ($7.97) price target on shares of HSBC Holdings plc in a research note on Wednesday, September 27th. Berenberg Bank reiterated a “hold” rating and issued a GBX 600 ($7.97) price target on shares of HSBC Holdings plc in a research note on Thursday, September 28th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a GBX 850 ($11.29) price target on shares of HSBC Holdings plc in a research note on Friday, September 29th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 712.15 ($9.46).
HSBC Holdings plc (HSBA) traded up 0.98% during trading on Friday, reaching GBX 750.20. The company had a trading volume of 12,000,294 shares. The firm’s 50-day moving average price is GBX 737.58 and its 200 day moving average price is GBX 708.15. The firm’s market capitalization is GBX 152.06 billion. HSBC Holdings plc has a one year low of GBX 518.17 and a one year high of GBX 772.00.
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In other news, insider Jonathan Symonds acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was acquired at an average price of GBX 766 ($10.18) per share, with a total value of £76,600 ($101,780.49). Also, insider Douglas J. Flint acquired 58 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was purchased at an average cost of GBX 724 ($9.62) per share, with a total value of £419.92 ($557.96). In the last three months, insiders acquired 27,202 shares of company stock valued at $20,337,321.
HSBC Holdings plc Company Profile
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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