HSBC (LON:HSBA – Free Report) had its price objective raised by JPMorgan Chase & Co. from GBX 1,360 to GBX 1,370 in a report published on Friday, MarketBeat Ratings reports. They currently have a neutral rating on the financial services provider’s stock.
A number of other equities analysts have also commented on HSBA. HSBC reissued a “hold” rating and issued a GBX 1,450 price target on shares of HSBC in a research report on Wednesday. UBS Group restated a “neutral” rating and issued a GBX 1,419 price target on shares of HSBC in a research report on Tuesday. Citigroup boosted their price objective on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a report on Friday, January 9th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,120 target price on shares of HSBC in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on HSBC from GBX 1,050 to GBX 1,200 and gave the stock a “hold” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, HSBC has an average rating of “Hold” and a consensus price target of GBX 1,272.38.
Check Out Our Latest Stock Analysis on HSBA
HSBC Stock Performance
Insider Buying and Selling
In related news, insider Georges Elhedery sold 94,749 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total transaction of £1,212,787.20. Also, insider Pam Kaur sold 81,967 shares of HSBC 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 transaction of £1,049,177.60. Insiders have sold 242,798 shares of company stock worth $308,402,488 over the last ninety days. Company insiders own 0.14% of the company’s stock.
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