HSBC (HSBA) Stock Rating Reaffirmed by Shore Capital

HSBC (LON:HSBA)‘s stock had its “hold” rating reiterated by research analysts at Shore Capital in a research note issued on Monday.

A number of other equities analysts also recently issued reports on the company. Goldman Sachs Group cut their price target on HSBC from GBX 810 ($10.58) to GBX 800 ($10.45) and set a “neutral” rating for the company in a research note on Monday, August 6th. Redburn Partners downgraded HSBC to a “sell” rating in a research note on Thursday, September 6th. JPMorgan Chase & Co. set a GBX 780 ($10.19) price target on HSBC and gave the company a “neutral” rating in a research note on Tuesday, September 4th. UBS Group set a GBX 750 ($9.80) price target on HSBC and gave the company a “neutral” rating in a research note on Friday, August 31st. Finally, Citigroup reiterated a “buy” rating on shares of HSBC in a research note on Wednesday, September 5th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the stock. HSBC currently has an average rating of “Hold” and a consensus target price of GBX 718.79 ($9.39).

HSBA stock opened at GBX 636.80 ($8.32) on Monday. HSBC has a 52-week low of GBX 618 ($8.08) and a 52-week high of GBX 798.60 ($10.44).

In other HSBC news, insider Iain Mackay sold 24,021 shares of HSBC stock in a transaction that occurred on Friday, September 14th. The shares were 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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