HSBC Sticks to Its Buy Rating for Exxon Mobil (XOM)


In a report released yesterday, Gordon Gray from HSBC maintained a Buy rating on Exxon Mobil (NYSE: XOM), with a price target of $96. The company’s shares closed yesterday at $81.50.

According to TipRanks.com, Gray is ranked #950 out of 4893 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Exxon Mobil with a $93 average price target, implying a 14.1% upside from current levels. In a report issued on October 2, Societe Generale also maintained a Buy rating on the stock with a $92 price target.

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The company has a one-year high of $89.30 and a one-year low of $72.16. Currently, Exxon Mobil has an average volume of 10.55M.

Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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