HSBC (HSBA) Given a GBX 680 Price Target at Deutsche Bank

Deutsche Bank set a GBX 680 ($9.61) price objective on HSBC (LON:HSBA) in a research report sent to investors on Wednesday morning. The firm currently has a neutral rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the company. Jefferies Group restated a buy rating on shares of HSBC in a report on Monday, December 18th. Morgan Stanley set a GBX 850 ($12.01) target price on HSBC and gave the stock a buy rating in a report on Wednesday, December 13th. Royal Bank of Canada set a GBX 750 ($10.60) target price on HSBC and gave the stock a neutral rating in a report on Monday, December 18th. Goldman Sachs set a GBX 820 ($11.59) target price on HSBC and gave the stock a neutral rating in a report on Wednesday, January 17th. Finally, UBS set a GBX 725 ($10.25) target price on HSBC and gave the stock a neutral rating in a report on Thursday, January 4th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 758.33 ($10.72).

Shares of LON HSBA opened at GBX 685.20 ($9.68) on Wednesday. HSBC has a 52-week low of GBX 618 ($8.73) and a 52-week high of GBX 798.60 ($11.29).



In other HSBC news, insider Iain Mackay sold 120,833 shares of the business’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of GBX 706 ($9.98), for a total value of £853,080.98 ($1,205,768.17). Also, insider Laura May Lung Cha bought 8,000 shares of the stock in a transaction on Tuesday, January 23rd. The stock was purchased at an average price of GBX 6,210 ($87.77) per share, for a total transaction of £496,800 ($702,190.81). Insiders have sold 212,533 shares of company stock worth $151,337,073 in the last quarter.

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HSBC Company Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

Analyst Recommendations for HSBC (LON:HSBA)

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