HSBC’s (HSBA) Hold Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group restated their hold rating on shares of HSBC (LON:HSBA) in a research note published on Tuesday morning,Digital Look reports. The firm currently has a GBX 1,120 target price on the financial services provider’s stock.

A number of other equities research analysts have also weighed in on HSBA. JPMorgan Chase & Co. upgraded shares of HSBC to a “neutral” rating and upped their target price for the stock from GBX 1,370 to GBX 1,380 in a report on Tuesday, July 21st. HSBC reiterated a “hold” rating and set a GBX 1,450 price target on shares of HSBC in a research note on Wednesday, May 6th. UBS Group reissued a “neutral” rating and set a GBX 1,419 price objective on shares of HSBC in a report on Tuesday, May 5th. Royal Bank Of Canada increased their price objective on HSBC from GBX 1,200 to GBX 1,275 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. Finally, Shore Capital Group upgraded HSBC to a “hold” rating and raised their target price for the company from GBX 1,210 to GBX 1,250 in a report on Thursday, May 7th. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,373.

HSBC Trading Up 0.7%

HSBC stock opened at GBX 1,521.20 on Tuesday. HSBC has a 1-year low of GBX 927.70 and a 1-year high of GBX 1,610. The firm has a market capitalization of £260.86 billion, a price-to-earnings ratio of 12.57, a price-to-earnings-growth ratio of 5.97 and a beta of 0.58. The firm’s fifty day moving average price is GBX 1,454.05 and its two-hundred day moving average price is GBX 1,348.05.

Insider Activity at HSBC

In other news, insider Pam Kaur bought 2,345 shares of the stock in a transaction dated Friday, May 22nd. The stock was bought at an average price of GBX 1,340 per share, for a total transaction of £31,423. 0.14% of the stock is currently owned by corporate insiders.

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