HSBC’s (HSBA) “Hold” Rating Reiterated at HSBC

HSBC reiterated their hold rating on shares of HSBC (LON:HSBA) in a research report report published on Wednesday morning,Digital Look reports. HSBC currently has a GBX 1,450 target price on the financial services provider’s stock.

Several other research firms have also recently issued reports on HSBA. JPMorgan Chase & Co. lifted their price objective on HSBC from GBX 1,190 to GBX 1,360 and gave the stock a “neutral” rating in a report on Tuesday, March 17th. Shore Capital Group raised shares of HSBC to a “sell” rating and raised their target price for the stock from GBX 1,210 to GBX 1,250 in a research note on Tuesday. Deutsche Bank Aktiengesellschaft raised their target price on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the stock a “hold” rating in a research note on Friday, January 23rd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,120 target price on shares of HSBC in a research note on Tuesday. Finally, Citigroup lifted their price target on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of GBX 1,272.38.

HSBC Stock Down 1.2%

LON:HSBA opened at GBX 1,319.80 on Wednesday. HSBC has a 52 week low of GBX 846.70 and a 52 week high of GBX 1,410.60. The stock has a market capitalization of £226.32 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 5.97 and a beta of 0.57. The stock’s 50-day moving average price is GBX 1,281.78 and its 200-day moving average price is GBX 1,200.83.

Insider Activity

In other HSBC news, insider Pam Kaur sold 81,967 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60. Also, insider Georges Elhedery bought 842,628 shares of the stock in a transaction on Monday, March 9th. The shares were bought at an average price of GBX 1,282 per share, for a total transaction of £10,802,490.96. Insiders have sold 242,798 shares of company stock worth $308,402,488 over the last 90 days. 0.14% of the stock is currently owned by company insiders.

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