HSBC (LON:HSBA)‘s stock had its “sell” rating reiterated by Shore Capital in a research report issued on Tuesday, February 20th.
Several other research analysts have also issued reports on the stock. Deutsche Bank increased their target price on shares of HSBC from GBX 700 ($9.67) to GBX 708 ($9.78) and gave the stock a “hold” rating in a research note on Friday, February 16th. Goldman Sachs Group set a GBX 820 ($11.33) price objective on shares of HSBC and gave the stock a “neutral” rating in a report on Wednesday, February 14th. UBS Group set a GBX 725 ($10.02) price objective on shares of HSBC and gave the stock a “neutral” rating in a report on Monday, February 12th. Citigroup restated a “buy” rating on shares of HSBC in a report on Monday, February 12th. Finally, Berenberg Bank upped their price objective on shares of HSBC from GBX 600 ($8.29) to GBX 680 ($9.39) and gave the stock a “hold” rating in a report on Monday, February 5th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 759 ($10.49).
Shares of HSBC (LON HSBA) traded down GBX 7.50 ($0.10) during midday trading on Tuesday, reaching GBX 690.30 ($9.54). 30,910,000 shares of the company traded hands, compared to its average volume of 25,620,000. The company has a market capitalization of $137,600.00 and a price-to-earnings ratio of 1,770.00. HSBC has a fifty-two week low of GBX 618 ($8.54) and a fifty-two week high of GBX 798.60 ($11.03).
In other news, insider Marc Moses sold 88,231 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of GBX 721 ($9.96), for a total value of £636,145.51 ($878,896.81). Also, insider Iain Mackay sold 120,833 shares of the firm’s stock in a transaction that occurred on Monday, March 12th. The shares were sold at an average price of GBX 706 ($9.75), for a total transaction of £853,080.98 ($1,178,614.23).
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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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