HSBC (HSBA) PT Set at GBX 750 by Royal Bank of Canada
Royal Bank of Canada set a GBX 750 ($10.09) price target on HSBC (LON:HSBA) in a research note published on Monday. The brokerage currently has a neutral rating on the financial services provider’s stock.
Other equities analysts have also issued reports about the stock. Jefferies Group reissued a buy rating and set a GBX 920 ($12.38) price objective on shares of HSBC in a report on Wednesday, September 27th. Citigroup reissued a buy rating and set a GBX 850 ($11.44) price objective on shares of HSBC in a report on Tuesday, August 22nd. Morgan Stanley set a GBX 850 ($11.44) price objective on shares of HSBC and gave the company a buy rating in a report on Thursday, October 5th. BNP Paribas set a GBX 825 ($11.10) price objective on shares of HSBC and gave the company a buy rating in a report on Thursday, October 5th. Finally, Societe Generale reaffirmed a buy rating on shares of HSBC in a report on Monday, October 23rd. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 748.33 ($10.07).
HSBC (LON HSBA) opened at GBX 764.50 ($10.29) on Monday. HSBC has a 1-year low of GBX 518.17 ($6.97) and a 1-year high of GBX 773.20 ($10.41).
In other HSBC news, insider Iain Mackay bought 16,980 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average cost of GBX 741 ($9.97) per share, for a total transaction of £125,821.80 ($169,342.93).
HSBC 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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