HSBC (LON:HSBA) Given “Hold” Rating at Jefferies Financial Group

HSBC (LON:HSBA)‘s stock had its “hold” rating reiterated by Jefferies Financial Group in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 1,120 price objective on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential downside of 28.74% from the company’s current price.

Several other analysts have also issued reports on HSBA. HSBC reaffirmed a “hold” rating and set a GBX 1,450 price target on shares of HSBC in a research report on Wednesday, May 6th. Shore Capital Group upgraded shares of HSBC to a “hold” rating and boosted their price objective for the stock from GBX 1,210 to GBX 1,250 in a research note on Thursday, May 7th. UBS Group restated a “neutral” rating and set a GBX 1,419 price objective on shares of HSBC in a research note on Tuesday, May 5th. JPMorgan Chase & Co. raised shares of HSBC to a “neutral” rating and upped their target price for the company from GBX 1,370 to GBX 1,380 in a report on Tuesday, July 21st. Finally, Royal Bank Of Canada raised their target price on shares of HSBC from GBX 1,200 to GBX 1,275 and gave the company a “sector perform” rating in a research note on Thursday, May 14th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of GBX 1,301.75.

HSBC Trading Down 1.6%

LON:HSBA opened at GBX 1,571.60 on Tuesday. HSBC has a 1-year low of GBX 922.30 and a 1-year high of GBX 1,610. The firm has a fifty day simple moving average of GBX 1,445.14 and a 200 day simple moving average of GBX 1,341.47. The stock has a market capitalization of £269.50 billion, a PE ratio of 12.99, a P/E/G ratio of 5.97 and a beta of 0.58.

Insiders Place Their Bets

In other HSBC news, insider Pam Kaur purchased 2,345 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was acquired at an average price of GBX 1,340 per share, with a total value of £31,423. Company insiders own 0.14% of the company’s stock.

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