Jefferies Financial Group restated their buy rating on shares of HSBC (LON:HSBA) in a research note published on Monday morning. Jefferies Financial Group currently has a GBX 950 ($12.41) target price on the financial services provider’s stock.
A number of other analysts also recently issued reports on the company. Goldman Sachs Group cut their price objective on HSBC from GBX 810 ($10.58) to GBX 800 ($10.45) and set a neutral rating for the company in a research report on Monday, August 6th. Redburn Partners downgraded HSBC to a sell rating in a research report on Thursday, September 6th. JPMorgan Chase & Co. set a GBX 780 ($10.19) price objective on HSBC and gave the stock a neutral rating in a research report on Tuesday, September 4th. UBS Group set a GBX 750 ($9.80) target price on HSBC and gave the company a neutral rating in a research report on Friday, August 31st. Finally, Citigroup reaffirmed a buy rating on shares of HSBC in a research report on Wednesday, September 5th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 718.79 ($9.39).
Shares of LON:HSBA opened at GBX 644.90 ($8.43) on Monday. HSBC has a 12-month low of GBX 618 ($8.08) and a 12-month high of GBX 798.60 ($10.44).
In other HSBC news, insider Iain Mackay sold 24,021 shares of HSBC stock in a transaction dated Friday, September 14th. The stock was sold at an average price of GBX 657 ($8.58), for a total value 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.
Further Reading: What is the yield curve?
Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.