HSBC (LON:HSBA) Given New GBX 1,275 Price Target at Royal Bank Of Canada

HSBC (LON:HSBA) had its price target hoisted by equities research analysts at Royal Bank Of Canada from GBX 1,200 to GBX 1,275 in a research note issued on Thursday,Digital Look reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Royal Bank Of Canada’s target price suggests a potential downside of 4.24% from the company’s previous close.

A number of other research firms have also weighed in on HSBA. JPMorgan Chase & Co. raised their price target on shares of HSBC from GBX 1,360 to GBX 1,370 and gave the company a “neutral” rating in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a research note on Friday, January 23rd. HSBC reissued a “hold” rating and set a GBX 1,450 target price on shares of HSBC in a research report on Wednesday, May 6th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,120 price target on shares of HSBC in a research report on Tuesday, May 5th. Finally, UBS Group reissued a “neutral” rating and issued a GBX 1,419 price objective on shares of HSBC in a research report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 1,300.50.

HSBC Price Performance

HSBA opened at GBX 1,331.40 on Thursday. HSBC has a 1 year low of GBX 847 and a 1 year high of GBX 1,410.60. The company has a market capitalization of £228.31 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 5.97 and a beta of 0.57. The firm’s fifty day moving average price is GBX 1,277.75 and its two-hundred day moving average price is GBX 1,210.36.

Insider Transactions at HSBC

In related news, insider Georges Elhedery purchased 842,628 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average price of GBX 1,282 per share, with a total value of £10,802,490.96. Also, insider Pam Kaur sold 81,967 shares of the company’s stock in a transaction that occurred 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. Over the last quarter, insiders sold 242,798 shares of company stock worth $308,402,488. Corporate insiders own 0.14% of the company’s stock.

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