HSBC: UBS raises target price
(CercleFinance.com) - UBS reinstates its "buy" rating on HSBC shares, having increased its target price for them from 635 to 680 pence (current price: 537 pence, +0.
4%), with its new target price suggesting upside potential of 26% for the British banking institution's share.
The broker summarises, "We upgrade HSBC estimates post results, accounting for better NII, costs and tax rate, and higher forward dividends".
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.