HSBC (LON:HSBA) Given a GBX 780 Price Target at Barclays

Barclays set a GBX 780 ($9.22) target price on HSBC (LON:HSBAGet Rating) in a report released on Monday, Borsen Zeitung reports.

A number of other analysts have also recently weighed in on HSBA. Royal Bank of Canada restated an outperform rating and set a GBX 675 ($7.98) target price on shares of HSBC in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft set a GBX 650 ($7.69) price target on shares of HSBC in a report on Thursday, October 27th. Shore Capital reaffirmed a buy rating on shares of HSBC in a research note on Tuesday, October 25th. Jefferies Financial Group set a GBX 574 ($6.79) price objective on shares of HSBC in a research note on Tuesday, October 25th. Finally, Citigroup reaffirmed a buy rating and issued a GBX 700 ($8.28) price objective on shares of HSBC in a research note on Monday, August 8th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of Hold and an average price target of GBX 641.18 ($7.58).

HSBC Trading Up 0.1 %

Shares of LON:HSBA opened at GBX 489.50 ($5.79) on Monday. The firm’s 50 day moving average is GBX 478.50 and its two-hundred day moving average is GBX 509.15. The firm has a market capitalization of £97.74 billion and a P/E ratio of 979.00. HSBC has a 52 week low of GBX 409.85 ($4.85) and a 52 week high of GBX 567.20 ($6.71).

Insiders Place Their Bets

In related news, insider Ewen Stevenson acquired 40,025 shares of the stock in a transaction dated Monday, November 21st. The stock was bought at an average price of GBX 479 ($5.66) per share, with a total value of £191,719.75 ($226,699.48).

About HSBC

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HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.

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