HSBC (LON:HSBA) Earns “Hold” Rating from Jefferies Financial Group

HSBC (LON:HSBA)‘s stock had its “hold” rating restated by stock analysts at Jefferies Financial Group in a report issued on Tuesday,Digital Look reports. They currently have a GBX 1,120 price target on the financial services provider’s stock. Jefferies Financial Group’s target price would indicate a potential downside of 12.45% from the stock’s current price.

Other analysts have also issued research reports about the stock. Citigroup raised their target price on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised their target price on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the stock a “hold” rating in a research report on Friday, January 23rd. Shore Capital Group restated a “hold” rating and set a GBX 1,070 target price on shares of HSBC in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of HSBC from GBX 1,190 to GBX 1,360 and gave the stock a “neutral” rating in a research report on Tuesday, March 17th. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,186.67.

HSBC Price Performance

Shares of HSBA opened at GBX 1,279.20 on Tuesday. The firm has a 50 day simple moving average of GBX 1,280.43 and a 200-day simple moving average of GBX 1,193.77. HSBC has a 1-year low of GBX 833.40 and a 1-year high of GBX 1,410.60. The stock has a market cap of £219.36 billion, a price-to-earnings ratio of 10.66, a price-to-earnings-growth ratio of 5.97 and a beta of 0.56.

Insiders Place Their Bets

In other news, insider Pam Kaur sold 81,967 shares of the firm’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total value of £1,049,177.60. Also, insider Georges Elhedery bought 842,628 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was acquired at an average cost of GBX 1,282 per share, for a total transaction of £10,802,490.96. In the last three months, insiders sold 242,798 shares of company stock worth $308,402,488. Insiders own 0.14% of the company’s stock.

HSBC Company Profile