HSBC (HSBA) Now Covered by Barclays
Investment analysts at Barclays started coverage on shares of HSBC (LON:HSBA) in a report released on Wednesday, March 14th, MarketBeat reports. The firm set an “equal weight” rating and a GBX 700 ($9.67) price target on the financial services provider’s stock. Barclays’ price objective points to a potential upside of 5.01% from the stock’s previous close.
A number of other equities analysts have also recently commented on HSBA. Royal Bank of Canada set a GBX 750 ($10.36) target price on HSBC and gave the stock a “neutral” rating in a report on Thursday, March 8th. UBS set a GBX 710 ($9.81) target price on HSBC and gave the stock a “neutral” rating in a report on Thursday, March 8th. Goldman Sachs set a GBX 800 ($11.05) target price on HSBC and gave the stock a “neutral” rating in a report on Tuesday, March 6th. Shore Capital reaffirmed a “sell” rating on shares of HSBC in a report on Tuesday, February 20th. Finally, Deutsche Bank decreased their target price on HSBC from GBX 708 ($9.78) to GBX 700 ($9.67) and set a “hold” rating on the stock in a report on Tuesday, March 6th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 761 ($10.51).
Shares of HSBC (LON HSBA) traded down GBX 11.30 ($0.16) during trading on Wednesday, reaching GBX 666.60 ($9.21). The company had a trading volume of 25,962,782 shares, compared to its average volume of 26,590,000. HSBC has a one year low of GBX 618 ($8.54) and a one year high of GBX 798.60 ($11.03). The company has a market cap of $141,540.00 and a PE ratio of 1,709.23.
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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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