DZ Bank Reiterates “Sell” Rating for HSBC (HSBA)

HSBC (LON:HSBA)‘s stock had its “sell” rating reiterated by DZ Bank in a research report issued to clients and investors on Tuesday.

Several other equities research analysts also recently commented on HSBA. Deutsche Bank restated a “hold” rating and issued a GBX 720 ($9.59) target price on shares of HSBC in a research note on Tuesday. Barclays set a GBX 750 ($9.99) target price on shares of HSBC and gave the company a “neutral” rating in a research note on Tuesday. UBS Group set a GBX 735 ($9.79) target price on shares of HSBC and gave the company a “neutral” rating in a research note on Tuesday. Goldman Sachs Group set a GBX 790 ($10.52) target price on shares of HSBC and gave the company a “neutral” rating in a research note on Tuesday. Finally, Shore Capital reduced their target price on shares of HSBC from GBX 721 ($9.60) to GBX 625 ($8.32) and set a “sell” rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 769.06 ($10.24).

Shares of LON:HSBA opened at GBX 732.80 ($9.76) on Tuesday. HSBC has a 52 week low of GBX 618 ($8.23) and a 52 week high of GBX 798.60 ($10.63).

In other news, insider Marc Moses acquired 17,176 shares of the company’s stock in a transaction on Tuesday, May 29th. The stock was purchased at an average cost of GBX 733 ($9.76) per share, with a total value of £125,900.08 ($167,620.93). Also, insider Iain Mackay sold 3,469 shares of the business’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of GBX 696 ($9.27), for a total value of £24,144.24 ($32,145.17).

HSBC Company Profile

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

Analyst Recommendations for HSBC (LON:HSBA)



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