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).
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.
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