HSBC (LON:HSBA) had its target price hoisted by equities research analysts at Deutsche Bank Aktiengesellschaft from GBX 390 ($5.10) to GBX 470 ($6.14) in a report issued on Monday, Digital Look reports. The firm currently has a “sell” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 9.05% from the company’s current price.
Other analysts have also issued research reports about the stock. Barclays set a GBX 440 ($5.75) target price on shares of HSBC and gave the company a “sell” rating in a research report on Wednesday, February 24th. JPMorgan Chase & Co. set a GBX 400 ($5.23) target price on shares of HSBC and gave the company a “sell” rating in a research report on Thursday, March 11th. The Goldman Sachs Group restated a “buy” rating and set a GBX 535 ($6.99) price target on shares of HSBC in a research report on Wednesday, March 3rd. Jefferies Financial Group set a GBX 400 ($5.23) price target on shares of HSBC and gave the stock a “neutral” rating in a research report on Tuesday, February 23rd. Finally, Berenberg Bank boosted their price target on shares of HSBC from GBX 380 ($4.96) to GBX 400 ($5.23) and gave the stock a “hold” rating in a research report on Wednesday, February 24th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company’s stock. HSBC has an average rating of “Hold” and a consensus price target of GBX 425.77 ($5.56).
Shares of LON HSBA opened at GBX 431 ($5.63) on Monday. The company’s 50-day simple moving average is GBX 428.64 and its 200-day simple moving average is GBX 384. HSBC has a 52-week low of GBX 281.50 ($3.68) and a 52-week high of GBX 466.54 ($6.10). The firm has a market cap of £88.03 billion and a price-to-earnings ratio of 22.71.
HSBC Company Profile
HSBC Holdings plc provides banking and financial products and 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 products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services for ultra high net worth individuals; and wealth management services, including insurance and investment products, global asset management services, investment management, and private wealth solutions.
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