Royal Bank Of Canada Increases HSBC (LON:HSBA) Price Target to GBX 1,375

HSBC (LON:HSBA) had its price objective upped by stock analysts at Royal Bank Of Canada from GBX 1,275 to GBX 1,375 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage currently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price would suggest a potential downside of 10.68% from the stock’s previous close.

Several other equities research analysts have also recently commented on the stock. UBS Group reiterated a “neutral” rating and set a GBX 1,419 price target on shares of HSBC in a research report on Tuesday, May 5th. HSBC reiterated a “hold” rating and set a GBX 1,450 target price on shares of HSBC in a research report on Wednesday, May 6th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,520 price objective on shares of HSBC in a report on Wednesday, August 5th. JPMorgan Chase & Co. lifted their price objective on shares of HSBC from GBX 1,380 to GBX 1,450 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,120 target price on shares of HSBC in a research note on Tuesday, August 4th. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, HSBC has a consensus rating of “Hold” and a consensus price target of GBX 1,394.25.

HSBC Stock Up 1.1%

Shares of HSBA opened at GBX 1,539.40 on Friday. The stock’s fifty day simple moving average is GBX 1,471.53 and its 200-day simple moving average is GBX 1,360.42. The firm has a market capitalization of £263.98 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 5.97 and a beta of 0.58. HSBC has a 12-month low of GBX 928.10 and a 12-month high of GBX 1,610.

Insider Activity

In other HSBC news, insider Pam Kaur purchased 2,345 shares of the stock in a transaction on Friday, May 22nd. The stock was bought at an average cost of GBX 1,340 per share, for a total transaction of £31,423. 0.14% of the stock is owned by company insiders.

HSBC Company Profile