According to Borsen Zeitung, the investment experts at Barclays gave HSBC (LON: HSBA) a target price of GBX 780 ($9.17), which was included in a research report that was distributed to customers and investors on Monday. Barclays’ price objective suggests an upside potential of 61.06% from where the stock is now trading.
The name HSBA has been brought up in conversation by a few of the other research analysts. JPMorgan Chase & Co. lowered their price objective on HSBC shares from GBX 590 ($6.93) to GBX 530 ($6.23) and gave the stock a “neutral” rating in a report that was released on Thursday, October 27. Deutsche Bank Aktiengesellschaft projected that the price of HSBC shares would reach GBX 650 ($7.64) in a research note published on Thursday, October 27. HSBC shares have been assigned a price target by Goldman Sachs Group of GBX 750 ($8.81), as stated in a research note that was published on Tuesday, October 25. HSBC shares have been assigned a price target by Credit Suisse Group of GBX 585 ($6.87), which was stated in a research note published on November 9. Last but not least, in a research note that was published on Tuesday, August 2, Berenberg Bank upgraded their price target on HSBC shares from GBX 560 ($6.58) to GBX 625 ($7.34) while maintaining their “hold” rating on the business. The company has been given a rating of “Hold” by five analysts, while “buy” ratings have been assigned by four. According to Bloomberg.com, the stock is rated “Hold” on average, and the consensus price objective for the stock is set at GBX 639.36 ($7.51).
On Monday, HSBA started trading at GBX 484.30, equivalent to $5.69. During the past year, HSBC’s share price has ranged from a low of GBX 409.85 ($4.82) to a high of GBX 567.20 ($6.67). The company’s market capitalization is £96.71 billion, and its price-to-earnings ratio is 970.20. The 50-day simple moving average for the stock is GBX 480.82, and the 200-day simple moving average is GBX 509.57.
HSBC Holdings plc is a multinational corporation that operates as a bank and provides financial services. Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets are the three business divisions that make up the organization. Wealth management services include:
Insurance and investment products.
Global asset management services.
Private wealth solutions.
Retail banking and wealth products include current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services.