UBS Group Reiterates “GBX 725” Price Target for HSBC (HSBA)
UBS Group set a GBX 725 ($9.83) target price on HSBC (LON:HSBA) in a report issued on Monday morning, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
HSBA has been the topic of a number of other reports. Morgan Stanley reaffirmed an overweight rating and set a GBX 850 ($11.53) price target on shares of HSBC in a report on Friday, September 29th. BNP Paribas set a GBX 825 ($11.19) price target on HSBC and gave the company a buy rating in a report on Thursday, October 5th. Credit Suisse Group reaffirmed an underperform rating and set a GBX 650 ($8.81) price target on shares of HSBC in a report on Friday, November 3rd. Deutsche Bank reaffirmed a hold rating and set a GBX 737 ($9.99) price target on shares of HSBC in a report on Tuesday, September 26th. Finally, Citigroup reaffirmed a buy rating on shares of HSBC in a report on Wednesday, November 29th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the stock. HSBC presently has an average rating of Hold and a consensus target price of GBX 748.67 ($10.15).
Shares of HSBC (HSBA) traded up GBX 0.10 ($0.00) during trading hours on Monday, hitting GBX 788.40 ($10.69). The stock had a trading volume of 21,045,675 shares, compared to its average volume of 18,780,000. The company has a market capitalization of $156,890.00 and a P/E ratio of 3,942.00. HSBC has a 1 year low of GBX 518.17 ($7.03) and a 1 year high of GBX 798.60 ($10.83).
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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