Deutsche Bank AG set a GBX 579 ($6.99) price target on HSBC Holdings plc (LON:HSBA) in a report released on Friday. The firm currently has a neutral rating on the stock.
A number of other equities analysts have also weighed in on HSBA. Shore Capital reiterated a sell rating on shares of HSBC Holdings plc in a report on Tuesday, January 3rd. AlphaValue reissued a reduce rating and issued a GBX 609 ($7.35) target price on shares of HSBC Holdings plc in a research note on Monday, November 7th. Morgan Stanley set a GBX 480 ($5.79) target price on shares of HSBC Holdings plc and gave the company a sell rating in a research note on Monday, November 7th. Goldman Sachs Group Inc. reissued a neutral rating and issued a GBX 685 ($8.26) target price on shares of HSBC Holdings plc in a research note on Sunday, November 27th. Finally, Barclays PLC raised their target price on shares of HSBC Holdings plc from GBX 550 ($6.64) to GBX 600 ($7.24) and gave the company an equal weight rating in a research note on Tuesday, November 8th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and seven have given a buy rating to the stock. HSBC Holdings plc has a consensus rating of Hold and an average target price of GBX 590.43 ($7.12).
HSBC Holdings plc (LON:HSBA) opened at 675.90 on Friday. HSBC Holdings plc has a 1-year low of GBX 392.37 and a 1-year high of GBX 692.48. The firm’s market cap is GBX 132.50 billion. The firm has a 50-day moving average of GBX 658.96 and a 200 day moving average of GBX 590.44.
In other news, insider Iain Mackay sold 87,100 shares of HSBC Holdings plc stock in a transaction dated Tuesday, December 6th. The shares were sold at an average price of GBX 652 ($7.87), for a total value of £567,892 ($685,115.21). Also, insider Marc Moses purchased 18,680 shares of the firm’s stock in a transaction dated Monday, December 12th. The stock was acquired at an average cost of GBX 674 ($8.13) per share, with a total value of £125,903.20 ($151,891.90).
HSBC Holdings plc Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).