J P Morgan Chase & Co reaffirmed their neutral rating on shares of HSBC (LON:HSBA) in a research report sent to investors on Tuesday, November 14th. J P Morgan Chase & Co currently has a GBX 690 ($9.24) target price on the financial services provider’s stock.
HSBA has been the topic of several other reports. Morgan Stanley set a GBX 850 ($11.38) target price on HSBC and gave the stock a buy rating in a research report on Thursday, October 5th. Credit Suisse Group reissued an underperform rating and issued a GBX 650 ($8.70) price target on shares of HSBC in a research note on Friday, November 3rd. Deutsche Bank reissued a hold rating and issued a GBX 737 ($9.87) price target on shares of HSBC in a research note on Tuesday, September 26th. Goldman Sachs Group set a GBX 845 ($11.32) price target on HSBC and gave the stock a neutral rating in a research note on Monday, October 9th. Finally, Citigroup reissued a buy rating and issued a GBX 850 ($11.38) price target on shares of HSBC in a research note on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 746.33 ($10.00).
Shares of HSBC (LON HSBA) traded down GBX 2.10 ($0.03) during midday trading on Tuesday, reaching GBX 731.90 ($9.80). The company’s stock had a trading volume of 23,750,000 shares, compared to its average volume of 23,730,000. HSBC has a 1 year low of GBX 518.17 ($6.94) and a 1 year high of GBX 772 ($10.34).
In other news, insider Iain Mackay acquired 16,980 shares of the firm’s stock in a transaction dated Monday, November 13th. The shares were bought at an average price of GBX 741 ($9.92) per share, with a total value of £125,821.80 ($168,503.82). Also, insider Douglas J. Flint bought 58 shares of the business’s stock in a transaction that occurred on Wednesday, September 20th. The shares were bought at an average price of GBX 724 ($9.70) per share, with a total value of £419.92 ($562.37). Insiders acquired a total of 17,058 shares of company stock worth $12,638,772 in the last ninety days.
TRADEMARK VIOLATION WARNING: “J P Morgan Chase & Co Reaffirms Neutral Rating for HSBC (LON:HSBA)” was first published by BBNS and is owned by of BBNS. If you are accessing this piece on another site, it was illegally copied and reposted in violation of United States and international trademark and copyright legislation. The original version of this piece can be viewed at https://baseballnewssource.com/markets/hsbc-holdings-plcs-hsba-neutral-rating-reaffirmed-at-j-p-morgan-chase-co-2/1782920.html.
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
Receive News & Ratings for HSBC Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC Holdings plc and related companies with our FREE daily email newsletter.