HSBC (LON:HSBA) Given a GBX 700 Price Target at UBS Group

UBS Group set a GBX 700 ($8.54) price objective on HSBC (LON:HSBAGet Rating) in a research note published on Wednesday morning, Borsen Zeitung reports.

Other equities analysts have also recently issued reports about the company. The Goldman Sachs Group set a GBX 755 ($9.21) price objective on HSBC in a report on Tuesday, November 29th. Shore Capital restated a buy rating on shares of HSBC in a report on Wednesday, November 30th. Jefferies Financial Group set a GBX 770 ($9.40) target price on HSBC in a research note on Thursday, January 5th. Royal Bank of Canada set a GBX 725 ($8.85) target price on shares of HSBC in a report on Monday, January 2nd. Finally, Deutsche Bank Aktiengesellschaft set a GBX 760 ($9.27) price target on shares of HSBC in a research note on Monday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of Hold and an average target price of GBX 695.50 ($8.49).

HSBC Price Performance

Shares of HSBA opened at GBX 584.65 ($7.13) on Wednesday. The firm has a market cap of £116.74 billion and a PE ratio of 1,230.63. The stock’s fifty day moving average price is GBX 512.23 and its two-hundred day moving average price is GBX 509.74. HSBC has a 1 year low of GBX 434.70 ($5.30) and a 1 year high of GBX 598 ($7.30).

Insiders Place Their Bets

In other news, insider Ewen Stevenson acquired 40,025 shares of HSBC stock in a transaction dated Monday, November 21st. The stock was purchased at an average cost of GBX 479 ($5.85) per share, with a total value of £191,719.75 ($233,947.22).

HSBC Company Profile

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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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