HSBC’s (HSBA) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of HSBC (LON:HSBA) in a research report sent to investors on Wednesday,Digital Look reports. Deutsche Bank Aktiengesellschaft currently has a GBX 1,520 price target on the financial services provider’s stock.

Other research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised HSBC to a “neutral” rating and upped their price objective for the stock from GBX 1,370 to GBX 1,380 in a report on Tuesday, July 21st. Citigroup dropped their target price on HSBC from GBX 1,640 to GBX 1,570 and set a “neutral” rating for the company in a research report on Wednesday. Shore Capital Group upgraded HSBC to a “hold” rating and raised their price target for the company from GBX 1,210 to GBX 1,250 in a report on Thursday, May 7th. Royal Bank Of Canada upped 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 report on Thursday, May 14th. Finally, Jefferies Financial Group restated a “hold” rating and issued a GBX 1,120 price objective on shares of HSBC in a report on Tuesday. Eight analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of GBX 1,381.75.

HSBC Stock Up 0.5%

Shares of LON:HSBA opened at GBX 1,529.20 on Wednesday. HSBC has a 12 month low of GBX 927.70 and a 12 month high of GBX 1,610. The company’s 50-day moving average price is GBX 1,456.76 and its two-hundred day moving average price is GBX 1,349.31. The firm has a market cap of £262.23 billion, a P/E ratio of 12.64, a P/E/G ratio of 5.97 and a beta of 0.58.

Insider Buying and Selling

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

HSBC Company Profile