JPMorgan Chase & Co. Issues Positive Forecast for HSBC (LON:HSBA) Stock Price

HSBC (LON:HSBA) had its price objective boosted by JPMorgan Chase & Co. from GBX 940 to GBX 950 in a research note published on Monday morning, Marketbeat Ratings reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other equities analysts have also weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of HSBC from GBX 900 to GBX 950 and gave the company a “sector perform” rating in a research report on Wednesday, August 13th. Shore Capital reissued a “hold” rating on shares of HSBC in a research report on Thursday, October 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 910 price objective on shares of HSBC in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of GBX 982.50.

HSBC Price Performance

LON:HSBA opened at GBX 969.80 on Monday. The firm has a 50 day simple moving average of GBX 993.16 and a 200-day simple moving average of GBX 912.48. The firm has a market cap of £167.23 billion, a PE ratio of 9.60, a P/E/G ratio of 5.97 and a beta of 0.52. HSBC has a 1-year low of GBX 671.87 and a 1-year high of GBX 1,067.80.

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.