Credit Suisse Group reiterates “GBX 525” price target for HSBC (LON:HSBA)


Credit Suisse Group has set a price target of GBX 525 ($6.36) on HSBC (LON:HSBAGet a rating) in a report released on Tuesday, Market Beat Ratings reports.

Several other brokerages have also published reports on HSBA. Barclays cut its price target on HSBC shares from GBX 735 ($8.90) to GBX 720 ($8.72) and set an overweight rating for the company in a Thursday, June 30 research note. Deutsche Bank Aktiengesellschaft raised its price target on HSBC shares from 500 GBX ($6.05) to 570 GBX ($6.90) and gave the company a holding rating in a Monday 30 research report. may. Deutsche Bank Rese… set a price target of 570 GBX ($6.90) on HSBC shares in a Monday, May 30 research report. Goldman Sachs Group set an 800 GBX ($9.69) price target on HSBC shares in a research report on Wednesday, June 29. Finally, JPMorgan Chase & Co. set a GBX 550 ($6.66) price target on HSBC shares in a research report on Monday. Six equity research analysts gave the stock a hold rating and two gave the stock a buy rating. According to MarketBeat.com, the stock has a consensus rating of Hold and an average price target of 598.45 GBX ($7.25).

Shares of HSBC Stock opened at GBX 523.10 ($6.33) on Tuesday. The company has a 50-day moving average of 516.87 GBX and a 200-day moving average of 511.24 GBX. The company has a market cap of £104.87 billion and a price to earnings ratio of 11.23. HSBC has a 1-year low of 358.45 GBX ($4.34) and a 1-year high of 567.20 GBX ($6.87).

In related news, insider Carolyn Fairbairn purchased 15,000 shares of the company in a trade dated Tuesday, May 17. The shares were purchased at an average price of 501 GBX ($6.07) per share, with a total value of £75,150 ($91,002.66).

HSBC Company Profile (Get a rating)

HSBC Holdings plc provides banking and financial services worldwide. The Company operates through Wealth and Personal Banking, Commercial Banking and World Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth management products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services ; and wealth management services including insurance and investment products, global asset management services, investment management and private wealth management solutions.

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Analyst recommendations for HSBC (LON:HSBA)



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