HSBC (LON:HSBA) Upgraded by Shore Capital Group to “Sell” Rating

HSBC (LON:HSBAGet Free Report) was upgraded by research analysts at Shore Capital Group to a “sell” rating in a research report issued on Tuesday,Digital Look reports.

HSBA has been the subject of several other reports. JPMorgan Chase & Co. boosted their price objective on shares of HSBC from GBX 1,190 to GBX 1,360 and gave the stock a “neutral” rating in a research note on Tuesday, March 17th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a report on Friday, January 23rd. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,120 price target on shares of HSBC in a research report on Tuesday. Finally, Citigroup increased their price target on HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a report on Friday, January 9th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,219.86.

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HSBC Stock Performance

Shares of HSBA stock opened at GBX 1,278.60 on Tuesday. HSBC has a one year low of GBX 833.40 and a one year high of GBX 1,410.60. The company has a 50 day moving average price of GBX 1,280.43 and a 200 day moving average price of GBX 1,193.77. The firm has a market capitalization of £219.26 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 5.97 and a beta of 0.56.

Insider Transactions at HSBC

In other news, insider Pam Kaur sold 81,967 shares of the company’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total value of £1,049,177.60. Also, insider Georges Elhedery bought 842,628 shares of the firm’s stock in a transaction dated Monday, March 9th. The stock was purchased at an average price of GBX 1,282 per share, with a total value of £10,802,490.96. In the last 90 days, insiders have sold 242,798 shares of company stock worth $308,402,488. 0.14% of the stock is currently owned by insiders.

HSBC Company Profile

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Analyst Recommendations for HSBC (LON:HSBA)

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