Credit Suisse Group Analysts Give HSBC (LON:HSBA) a GBX 515 Price Target

HSBC (LON:HSBAGet Rating) received a GBX 515 ($6.56) price objective from investment analysts at Credit Suisse Group in a report issued on Wednesday, Borsen Zeitung reports. Credit Suisse Group’s price target points to a potential upside of 4.46% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. The Goldman Sachs Group set a GBX 715 ($9.11) price target on shares of HSBC in a report on Tuesday. Berenberg Bank restated a “buy” rating and issued a GBX 560 ($7.14) price target on shares of HSBC in a report on Tuesday, March 22nd. Royal Bank of Canada set a GBX 550 ($7.01) price target on shares of HSBC in a report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 480 ($6.12) price target on shares of HSBC in a report on Wednesday, February 23rd. Finally, Barclays increased their target price on shares of HSBC from GBX 725 ($9.24) to GBX 735 ($9.37) and gave the stock an “overweight” rating in a report on Wednesday, April 20th. Eight research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 557.33 ($7.10).

LON HSBA opened at GBX 493 ($6.28) on Wednesday. The company’s 50-day moving average price is GBX 513.19 and its 200-day moving average price is GBX 480.09. The stock has a market cap of £99.56 billion and a PE ratio of 10.34. HSBC has a 12 month low of GBX 358.45 ($4.57) and a 12 month high of GBX 567.20 ($7.23).

In other news, insider Ewen Stevenson sold 57,884 shares of the firm’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of GBX 488 ($6.22), for a total value of £282,473.92 ($360,022.84).

About HSBC (Get Rating)

HSBC Holdings plc provides banking and financial 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 and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.

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