UBS Reaffirms Their Hold Rating on HSBC Holdings (HSBA)

In a report released yesterday, Jason Napier from UBS maintained a Hold rating on HSBC Holdings, with a price target of p1,419.00.

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Napier covers the Financial sector, focusing on stocks such as HSBC Holdings, NatWest Group, and Lloyds Banking. According to TipRanks, Napier has an average return of 22.5% and a 67.92% success rate on recommended stocks.

In addition to UBS, HSBC Holdings also received a Hold from RBC Capital’s Benjamin Toms in a report issued yesterday. However, on April 10, Goldman Sachs maintained a Buy rating on HSBC Holdings (LSE: HSBA).

Based on HSBC Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p33.73 billion and a net profit of p4.73 billion. In comparison, last year the company earned a revenue of p58.73 billion and had a net profit of p6.53 billion

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HSBA in relation to earlier this year.