HSBC (LON:HSBA)‘s stock had its “underperform” rating reissued by research analysts at Royal Bank of Canada in a research note issued to investors on Monday. They presently have a GBX 560 ($7.32) price objective on the financial services provider’s stock. Royal Bank of Canada’s price target indicates a potential downside of 12.07% from the company’s current price.
Several other equities analysts also recently weighed in on the company. JPMorgan Chase & Co. set a GBX 750 ($9.80) price objective on HSBC and gave the company a “neutral” rating in a research note on Monday. Shore Capital raised HSBC to a “hold” rating in a research report on Monday. Jefferies Financial Group reissued a “buy” rating on shares of HSBC in a research report on Monday. UBS Group reissued a “neutral” rating on shares of HSBC in a research report on Friday. Finally, Goldman Sachs Group dropped their price target on HSBC from GBX 785 ($10.26) to GBX 770 ($10.06) and set a “neutral” rating for the company in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 735.29 ($9.61).
LON HSBA traded up GBX 31.90 ($0.42) during mid-day trading on Monday, hitting GBX 636.90 ($8.32). The stock had a trading volume of 18,882,725 shares, compared to its average volume of 26,590,000. HSBC has a 52-week low of GBX 618 ($8.08) and a 52-week high of GBX 798.60 ($10.44).
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.
Featured Article: Why do companies issue stock splits?
Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.