HSBC (HSBA) Given a GBX 700 Price Target at Cfra

HSBC (LON:HSBA) received a GBX 700 ($9.15) target price from stock analysts at Cfra in a report released on Monday. The firm currently has a “neutral” rating on the financial services provider’s stock. Cfra’s target price would indicate a potential upside of 9.92% from the company’s current price.

HSBA has been the subject of a number of other reports. Deutsche Bank set a GBX 720 ($9.41) price objective on HSBC and gave the stock a “neutral” rating in a research note on Tuesday, July 10th. JPMorgan Chase & Co. set a GBX 780 ($10.19) price objective on HSBC and gave the stock a “neutral” rating in a research note on Wednesday, July 11th. Royal Bank of Canada cut HSBC to an “underperform” rating and decreased their price objective for the stock from GBX 730 ($9.54) to GBX 560 ($7.32) in a research note on Tuesday, October 23rd. Shore Capital reaffirmed a “hold” rating on shares of HSBC in a research note on Monday. Finally, Citigroup reaffirmed a “buy” rating on shares of HSBC in a research note on Wednesday, September 5th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 718.79 ($9.39).

Shares of HSBC stock opened at GBX 636.80 ($8.32) on Monday. HSBC has a 12 month low of GBX 618 ($8.08) and a 12 month high of GBX 798.60 ($10.44).



In other HSBC news, insider Iain Mackay sold 24,021 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of GBX 657 ($8.58), for a total value of £157,817.97 ($206,217.13).

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.

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