HSBC (LON:HSBA – Get Free Report)‘s stock had its “buy” rating reiterated by analysts at Shore Capital in a research report issued to clients and investors on Tuesday, Marketbeat.com reports.
Other analysts have also recently issued reports about the stock. Citigroup reaffirmed a “buy” rating and issued a GBX 810 ($10.17) target price on shares of HSBC in a research note on Wednesday, April 10th. Berenberg Bank lowered their price objective on shares of HSBC from GBX 820 ($10.30) to GBX 800 ($10.05) and set a “buy” rating for the company in a research note on Wednesday, February 21st. JPMorgan Chase & Co. boosted their price objective on shares of HSBC from GBX 600 ($7.54) to GBX 660 ($8.29) and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, Barclays reissued an “overweight” rating and set a GBX 800 ($10.05) price objective on shares of HSBC in a research note on Thursday, February 29th. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, HSBC currently has an average rating of “Moderate Buy” and a consensus target price of GBX 826.69 ($10.38).
Check Out Our Latest Report on HSBC
HSBC Stock Performance
Insider Buying and Selling at HSBC
In other HSBC news, insider Georges Elhedery sold 28,719 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 590 ($7.41), for a total value of £169,442.10 ($212,840.22). In other news, insider Georges Elhedery sold 28,719 shares of the stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of GBX 590 ($7.41), for a total transaction of £169,442.10 ($212,840.22). Also, insider Noel Quinn sold 89,546 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of GBX 596 ($7.49), for a total transaction of £533,694.16 ($670,385.83). 0.36% of the stock is currently owned by corporate insiders.
HSBC Company Profile
HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.
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