HSBC (LON:HSBA) Given New GBX 1,640 Price Target at Citigroup

HSBC (LON:HSBA) had its price objective lifted by equities research analysts at Citigroup from GBX 1,570 to GBX 1,640 in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. Citigroup’s target price indicates a potential upside of 7.65% from the stock’s previous close.

Several other research firms have also recently commented on HSBA. Royal Bank Of Canada increased their target price on HSBC from GBX 1,275 to GBX 1,375 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,120 price target on shares of HSBC in a research note on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,520 price target on shares of HSBC in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of HSBC from GBX 1,380 to GBX 1,450 and gave the company a “neutral” rating in a research note on Friday, August 7th. Eight analysts have rated the stock with a Hold rating, According to MarketBeat.com, HSBC has an average rating of “Hold” and a consensus target price of GBX 1,403.

HSBC Stock Up 0.9%

Shares of LON HSBA opened at GBX 1,523.40 on Wednesday. HSBC has a fifty-two week low of GBX 959.29 and a fifty-two week high of GBX 1,610. The business has a 50 day moving average price of GBX 1,531.42 and a two-hundred day moving average price of GBX 1,405.16. The firm has a market cap of £260.97 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 5.97 and a beta of 0.58.

HSBC Company Profile