HSBC (LON:HSBA) Earns Hold Rating from Jefferies Financial Group

HSBC (LON:HSBAGet Free Report)‘s stock had its “hold” rating restated by analysts at Jefferies Financial Group in a research report issued on Tuesday,Digital Look reports. They presently have a GBX 1,120 price objective on the financial services provider’s stock. Jefferies Financial Group’s target price indicates a potential downside of 28.74% from the company’s current price.

Other research analysts have also issued reports about the company. Royal Bank Of Canada upped their price objective on HSBC from GBX 1,200 to GBX 1,275 and gave the company a “sector perform” rating in a report on Thursday, May 14th. HSBC reissued a “hold” rating and set a GBX 1,450 target price on shares of HSBC in a report on Wednesday, May 6th. UBS Group reissued a “neutral” rating and issued a GBX 1,419 target price on shares of HSBC in a research report on Tuesday, May 5th. JPMorgan Chase & Co. upgraded shares of HSBC to a “neutral” rating and upped their price target for the company from GBX 1,370 to GBX 1,380 in a research note on Tuesday, July 21st. Finally, Shore Capital Group raised shares of HSBC to a “hold” rating and raised their price target for the stock from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of GBX 1,301.75.

View Our Latest Stock Report on HSBA

HSBC Trading Down 1.6%

LON:HSBA opened at GBX 1,571.60 on Tuesday. The stock has a market cap of £269.50 billion, a P/E ratio of 12.99, a PEG ratio of 5.97 and a beta of 0.58. The stock has a 50 day simple moving average of GBX 1,445.14 and a 200 day simple moving average of GBX 1,341.47. HSBC has a 1-year low of GBX 922.30 and a 1-year high of GBX 1,610.

Insider Buying and Selling

In related news, insider Pam Kaur acquired 2,345 shares of the stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of GBX 1,340 per share, for a total transaction of £31,423. 0.14% of the stock is currently owned by company insiders.

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