HSBC (LON:HSBA) Earns “Hold” Rating from Shore Capital

HSBC (LON:HSBA)‘s stock had its “hold” rating reiterated by stock analysts at Shore Capital in a report issued on Thursday, MarketBeat reports.

A number of other research analysts have also issued reports on the company. JPMorgan Chase & Co. increased their target price on HSBC from GBX 870 to GBX 940 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 910 price objective on shares of HSBC in a research note on Thursday, July 31st. Finally, Royal Bank Of Canada increased their price objective on HSBC from GBX 900 to GBX 950 and gave the company a “sector perform” rating in a research note 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of GBX 980.83.

HSBC Price Performance

Shares of LON:HSBA opened at GBX 998.04 on Thursday. HSBC has a 1 year low of GBX 664.60 and a 1 year high of GBX 1,067.80. The firm has a market capitalization of £172.10 billion, a price-to-earnings ratio of 988.16, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The business’s 50 day moving average price is GBX 987.32 and its 200-day moving average price is GBX 906.85.

HSBC Company Profile

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.