Deutsche Bank Aktiengesellschaft Raises HSBC (LON:HSBA) Price Target to GBX 1,200

HSBC (LON:HSBA) had its price target upped by research analysts at Deutsche Bank Aktiengesellschaft from GBX 1,050 to GBX 1,200 in a research note issued to investors on Friday, MarketBeat reports. The brokerage presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price target suggests a potential downside of 3.12% from the stock’s current price.

Several other research firms have also commented on HSBA. JPMorgan Chase & Co. lifted their price target on shares of HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Shore Capital restated a “hold” rating and issued a GBX 1,070 price target on shares of HSBC in a research report on Friday, January 9th. Citigroup upped their price objective on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a research note on Friday, January 9th. Finally, Royal Bank Of Canada upped their target price on HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, HSBC has an average rating of “Hold” and an average price target of GBX 1,122.50.

HSBC Price Performance

LON HSBA opened at GBX 1,238.69 on Friday. The company has a market capitalization of £212.63 billion, a P/E ratio of 13.04, a PEG ratio of 5.97 and a beta of 0.52. HSBC has a 1-year low of GBX 698.70 and a 1-year high of GBX 1,254. The business has a 50 day moving average price of GBX 1,142.52 and a 200 day moving average price of GBX 1,044.35.

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