HSBC (HSBA) Given a GBX 750 Price Target by JPMorgan Chase & Co. Analysts

JPMorgan Chase & Co. set a GBX 750 ($9.80) price target on HSBC (LON:HSBA) in a report issued on Monday. The brokerage currently has a neutral rating on the financial services provider’s stock.

Other equities analysts have also issued reports about the company. UBS Group set a GBX 735 ($9.60) price target on HSBC and gave the company a neutral rating in a research note on Tuesday, July 3rd. Goldman Sachs Group set a GBX 785 ($10.26) price target on HSBC and gave the company a neutral rating in a research note on Wednesday, September 12th. Jefferies Financial Group restated a buy rating on shares of HSBC in a research report on Monday. Shore Capital upgraded HSBC to a hold rating in a research report on Monday. Finally, Deutsche Bank restated a hold rating on shares of HSBC in a research report on Friday, August 17th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 716.64 ($9.36).

Shares of HSBC stock opened at GBX 637 ($8.32) on Monday. HSBC has a 12 month low of GBX 618 ($8.08) and a 12 month high of GBX 798.60 ($10.44).

The business also recently disclosed a dividend, which will be paid on Wednesday, November 21st. Shareholders of record on Thursday, October 11th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 11th. This represents a yield of 1.16%.

In other HSBC news, insider Iain Mackay sold 24,021 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of GBX 657 ($8.58), for a total transaction of £157,817.97 ($206,217.13).

HSBC Company Profile

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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Analyst Recommendations for HSBC (LON:HSBA)

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