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.

ILLEGAL ACTIVITY NOTICE: This article was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this article on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright law. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/10/20/ubs-ag-analysts-give-hsbc-holdings-plc-hsba-a-gbx-725-price-target.html.

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.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

Receive News & Stock Ratings for HSBC Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC Holdings plc and related stocks with our FREE daily email newsletter.