HSBC (LON:HSBA) PT Raised to GBX 540

Share on StockTwits

HSBC (LON:HSBA) had its price objective lifted by equities researchers at Deutsche Bank from GBX 513 ($6.70) to GBX 540 ($7.06) in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports. The brokerage currently has a “sell” rating on the financial services provider’s stock. Deutsche Bank’s price objective points to a potential downside of 18.60% from the stock’s current price.

A number of other equities analysts have also commented on HSBA. Bank of America raised shares of Royal Bank of Scotland Group from an “underperform” rating to a “neutral” rating in a report on Thursday, April 18th. Morgan Stanley reissued a “hold” rating on shares of PG&E in a report on Friday, June 21st. Royal Bank of Canada set a €225.00 ($261.63) price target on shares of ASML and gave the stock a “buy” rating in a report on Wednesday, June 12th. UBS Group set a $133.00 price objective on shares of LHC Group and gave the company a “buy” rating in a research note on Friday, May 10th. Finally, Barclays upped their price objective on shares of Tyson Foods from $73.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, May 7th. Six equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. HSBC has an average rating of “Hold” and a consensus price target of GBX 670 ($8.75).

Shares of LON:HSBA opened at GBX 663.40 ($8.67) on Friday. The business has a fifty day moving average of GBX 655.67. The company has a market cap of $134.25 billion and a price-to-earnings ratio of 9.61. HSBC has a one year low of GBX 596.40 ($7.79) and a one year high of GBX 736 ($9.62).

About HSBC

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

Further Reading: What is the price-sales ratio?

Analyst Recommendations for HSBC (LON:HSBA)

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.