HSBC (LON:HSBA) has been given a GBX 750 ($10.36) target price by equities research analysts at Royal Bank of Canada in a note issued to investors on Thursday. The firm presently has a “neutral” rating on the financial services provider’s stock. Royal Bank of Canada’s price objective points to a potential upside of 6.26% from the stock’s current price.
Several other research analysts have also commented on the stock. Jefferies Group reaffirmed a “buy” rating on shares of HSBC in a research note on Monday, December 18th. Morgan Stanley set a GBX 850 ($11.74) target price on shares of HSBC and gave the company a “buy” rating in a research note on Wednesday, December 13th. Citigroup reissued a “buy” rating on shares of HSBC in a research note on Wednesday, December 6th. Goldman Sachs Group set a GBX 820 ($11.33) target price on shares of HSBC and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Finally, UBS Group set a GBX 725 ($10.02) target price on shares of HSBC and gave the company a “neutral” rating in a research note on Tuesday, November 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the stock. HSBC presently has a consensus rating of “Hold” and an average target price of GBX 759 ($10.49).
HSBC (HSBA) opened at GBX 705.80 ($9.75) on Thursday. The company has a market cap of $142,150.00 and a price-to-earnings ratio of 1,764.50. HSBC has a one year low of GBX 618 ($8.54) and a one year high of GBX 798.60 ($11.03).
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HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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