HSBC (LON:HSBA - Get Free Report)'s stock had its "hold" rating reiterated by analysts at 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 target on the financial services provider's stock. Jefferies Financial Group's price objective indicates a potential downside of 12.45% from the stock's previous close.
A number of other research firms also recently issued reports on HSBA. Deutsche Bank Aktiengesellschaft lifted their price target on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a "hold" rating in a research report on Friday, January 23rd. JPMorgan Chase & Co. lifted their price target on shares of HSBC from GBX 1,190 to GBX 1,360 and gave the company a "neutral" rating in a research report on Tuesday, March 17th. Citigroup lifted their price target on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a "buy" rating in a research report on Friday, January 9th. Finally, Shore Capital Group reiterated a "hold" rating and set a GBX 1,070 price target on shares of HSBC in a research report on Friday, January 9th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of GBX 1,186.67.
View Our Latest Research Report on HSBA
HSBC Trading Down 4.8%
HSBA stock opened at GBX 1,279.20 on Tuesday. The firm has a 50 day moving average of GBX 1,280.43 and a 200-day moving average of GBX 1,193.77. HSBC has a 12-month low of GBX 833.40 and a 12-month high of GBX 1,410.60. The company has a market cap of £219.36 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 5.97 and a beta of 0.56.
Insider Buying and Selling
In other HSBC news, insider Georges Elhedery acquired 842,628 shares of the company's stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of GBX 1,282 per share, with a total value of £10,802,490.96. Also, insider Pam Kaur sold 81,967 shares of the firm's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60. Over the last three months, insiders have sold 242,798 shares of company stock valued at $308,402,488. Corporate insiders own 0.14% of the company's stock.
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