HSBC (LON:HSBA) Given “Hold” Rating at Shore Capital

Shore Capital reaffirmed their hold rating on shares of HSBC (LON:HSBA) in a research report released on Wednesday morning, Marketbeat reports. Shore Capital currently has a GBX 1,070 price target on the financial services provider’s stock.

Several other brokerages have also issued reports on HSBA. Citigroup boosted their price target on shares of HSBC from GBX 1,160 to GBX 1,240 and gave the company a “buy” rating in a report on Wednesday, October 29th. Royal Bank Of Canada lifted their target price on shares of HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on shares of HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, HSBC presently has a consensus rating of “Hold” and an average price target of GBX 1,060.83.

HSBC Trading Down 1.5%

HSBA opened at GBX 1,071.08 on Wednesday. The stock’s 50 day simple moving average is GBX 1,046.32 and its 200-day simple moving average is GBX 968.46. The stock has a market cap of £184.15 billion, a PE ratio of 11.27, a P/E/G ratio of 5.97 and a beta of 0.52. HSBC has a 1 year low of GBX 698.70 and a 1 year high of GBX 1,126.20.

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.