HSBC (LON:HSBA) Price Target Raised to GBX 1,200 at Deutsche Bank Aktiengesellschaft

HSBC (LON:HSBA) had its target price lifted by stock analysts at Deutsche Bank Aktiengesellschaft from GBX 1,050 to GBX 1,200 in a research report issued on Friday,Digital Look reports. The firm presently has a “hold” rating on the financial services provider’s stock. Deutsche Bank Aktiengesellschaft’s price objective would indicate a potential downside of 3.23% from the company’s current price.

Other research analysts have also issued research reports about the stock. Citigroup upped their price objective on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a research report on Friday, January 9th. JPMorgan Chase & Co. boosted their price target on HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd. Shore Capital reaffirmed a “hold” rating and issued a GBX 1,070 price target on shares of HSBC in a report on Friday, January 9th. Finally, Royal Bank Of Canada upped their price target on HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of GBX 1,122.50.

HSBC Price Performance

LON:HSBA opened at GBX 1,240 on Friday. HSBC has a one year low of GBX 698.70 and a one year high of GBX 1,254. The company has a fifty day moving average price of GBX 1,139.83 and a 200 day moving average price of GBX 1,040.93. The stock has a market cap of £212.86 billion, a P/E ratio of 13.05, a PEG ratio of 5.97 and a beta of 0.52.

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