HSBC (LON:HSBA) Given New GBX 940 Price Target at JPMorgan Chase & Co.

HSBC (LON:HSBA) had its target price boosted by JPMorgan Chase & Co. from GBX 870 to GBX 940 in a report released on Tuesday morning, Marketbeat reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

A number of other research firms also recently weighed in on HSBA. Shore Capital reiterated a “hold” rating and issued a GBX 980 price target on shares of HSBC in a research report on Wednesday, July 30th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 910 price objective on shares of HSBC in a report on Thursday, July 31st. Finally, Royal Bank Of Canada increased their target price on HSBC from GBX 900 to GBX 950 and gave the stock a “sector perform” rating in a report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 980.83.

HSBC Stock Performance

HSBA stock opened at GBX 973.44 on Tuesday. HSBC has a 52 week low of GBX 645.50 and a 52 week high of GBX 981.80. The company has a market capitalization of £168.59 billion, a PE ratio of 963.80, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The company’s 50-day simple moving average is GBX 939.15 and its 200 day simple moving average is GBX 884.41.

About HSBC

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.