HSBC (NYSE:HSBC) Price Target Increased to GBX 525 by Analysts at Credit Suisse Group

HSBC (NYSE:HSBCGet Rating) had its price target boosted by investment analysts at Credit Suisse Group from GBX 515 ($6.43) to GBX 525 ($6.56) in a report released on Thursday, The Fly reports.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. upped their price objective on HSBC from GBX 510 ($6.37) to GBX 540 ($6.75) in a research note on Wednesday. Exane BNP Paribas upgraded HSBC from a “neutral” rating to an “outperform” rating in a research note on Thursday, January 27th. Berenberg Bank boosted their target price on shares of HSBC from GBX 470 ($5.87) to GBX 560 ($7.00) in a report on Tuesday, March 1st. BNP Paribas raised shares of HSBC from a “neutral” rating to an “outperform” rating in a report on Thursday, January 27th. Finally, UBS Group boosted their target price on shares of HSBC from GBX 500 ($6.25) to GBX 590 ($7.37) and gave the company a “buy” rating in a report on Tuesday, January 25th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, HSBC currently has an average rating of “Buy” and an average target price of $510.00.

Shares of HSBC stock opened at $31.25 on Thursday. HSBC has a 12-month low of $24.31 and a 12-month high of $38.61. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.42. The company has a 50 day moving average of $33.02 and a 200-day moving average of $32.38. The firm has a market cap of $128.07 billion, a P/E ratio of 10.96, a PEG ratio of 0.57 and a beta of 0.59.

HSBC (NYSE:HSBCGet Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.45). HSBC had a net margin of 23.52% and a return on equity of 5.59%. The firm had revenue of $12.09 billion during the quarter, compared to analysts’ expectations of $12.09 billion. As a group, equities analysts expect that HSBC will post 3.13 EPS for the current year.

A number of large investors have recently made changes to their positions in HSBC. Ancora Advisors LLC purchased a new position in HSBC in the third quarter worth $26,000. Patriot Financial Group Insurance Agency LLC grew its position in HSBC by 482.6% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 903 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 748 shares in the last quarter. JFS Wealth Advisors LLC grew its position in HSBC by 352.4% in the first quarter. JFS Wealth Advisors LLC now owns 1,054 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 821 shares in the last quarter. Fifth Third Bancorp boosted its position in HSBC by 37.5% during the fourth quarter. Fifth Third Bancorp now owns 1,433 shares of the financial services provider’s stock valued at $43,000 after buying an additional 391 shares during the period. Finally, CWM LLC purchased a new stake in HSBC during the fourth quarter valued at about $46,000. Institutional investors own 1.14% of the company’s stock.

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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