HSBC (LON:HSBA) Stock Rating Reaffirmed by Societe Generale

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HSBC (LON:HSBA)‘s stock had its “hold” rating reissued by equities researchers at Societe Generale in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently weighed in on HSBA. Royal Bank of Canada lowered their price objective on shares of HSBC from GBX 600 ($7.84) to GBX 580 ($7.58) and set an “underperform” rating on the stock in a research note on Thursday, August 29th. Goldman Sachs Group set a GBX 905 ($11.83) price objective on shares of HSBC and gave the stock a “buy” rating in a research note on Thursday, August 22nd. Jefferies Financial Group reissued a “hold” rating and issued a GBX 691 ($9.03) target price on shares of HSBC in a report on Monday, August 5th. Credit Suisse Group set a GBX 680 ($8.89) target price on shares of HSBC and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Finally, Shore Capital reissued a “hold” rating on shares of HSBC in a report on Monday, August 5th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and one has assigned a buy rating to the company. HSBC currently has an average rating of “Hold” and a consensus target price of GBX 655.60 ($8.57).

Shares of LON:HSBA opened at GBX 626 ($8.18) on Tuesday. The firm’s 50 day moving average price is GBX 622.01 and its 200-day moving average price is GBX 641.44. HSBC has a twelve month low of GBX 6.30 ($0.08) and a twelve month high of GBX 687.70 ($8.99). The stock has a market capitalization of $126.27 billion and a PE ratio of 9.06.

In related news, insider Marc Moses acquired 21,465 shares of the business’s stock in a transaction on Tuesday, August 27th. The stock was acquired at an average cost of GBX 586 ($7.66) per share, with a total value of £125,784.90 ($164,360.25).

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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Analyst Recommendations for HSBC (LON:HSBA)

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