UBS Group set a GBX 710 ($9.81) price target on HSBC (LON:HSBA) in a research report sent to investors on Thursday morning, www.boersen-zeitung.de reports. The brokerage currently has a neutral rating on the financial services provider’s stock.
A number of other equities research analysts have also issued reports on HSBA. Goldman Sachs Group set a GBX 800 ($11.05) target price on shares of HSBC and gave the company a neutral rating in a research note on Tuesday, March 6th. Deutsche Bank cut their price target on shares of HSBC from GBX 708 ($9.78) to GBX 700 ($9.67) and set a hold rating on the stock in a report on Tuesday, March 6th. Shore Capital restated a sell rating on shares of HSBC in a report on Tuesday, February 20th. Societe Generale set a GBX 800 ($11.05) price target on shares of HSBC and gave the company a neutral rating in a report on Wednesday, February 21st. Finally, Barclays set a GBX 700 ($9.67) price target on shares of HSBC and gave the company a neutral rating in a report on Wednesday, February 21st. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have assigned a buy rating to the company. HSBC presently has an average rating of Hold and a consensus price target of GBX 759 ($10.49).
Shares of HSBC (HSBA) opened at GBX 706.50 ($9.76) on Thursday. The stock has a market cap of $141,460.00 and a price-to-earnings ratio of 1,766.25. HSBC has a 52 week low of GBX 618 ($8.54) and a 52 week high of GBX 798.60 ($11.03).
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HSBC Company Profile
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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