Citigroup Forecasts Strong Price Appreciation for HSBC (LON:HSBA) Stock

HSBC (LON:HSBA) had its price target raised by stock analysts at Citigroup from GBX 1,240 to GBX 1,320 in a research report issued on Friday, MarketBeat Ratings reports. The firm presently has a “buy” rating on the financial services provider’s stock. Citigroup’s price target would suggest a potential upside of 10.72% from the stock’s current price.

Several other research analysts also recently issued reports on HSBA. JPMorgan Chase & Co. lifted their price objective on HSBC from GBX 1,010 to GBX 1,060 and gave the stock a “neutral” rating in a research report on Tuesday, December 2nd. Shore Capital reissued a “hold” rating and set a GBX 1,070 price target on shares of HSBC in a research report on Friday. Finally, Royal Bank Of Canada boosted their price target on HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 1,074.17.

HSBC Trading Down 0.3%

Shares of HSBA opened at GBX 1,192.20 on Friday. HSBC has a 12-month low of GBX 698.70 and a 12-month high of GBX 1,227.20. The stock has a market cap of £204.65 billion, a P/E ratio of 12.55, a PEG ratio of 5.97 and a beta of 0.52. The company has a 50-day moving average of GBX 1,115.32 and a two-hundred day moving average of GBX 1,020.36.

HSBC News Roundup

Here are the key news stories impacting HSBC this week:

• Positive Sentiment: Citigroup raised its price target on HSBC to GBX 1,320 and upgraded to a “buy”, signaling stronger analyst confidence that could support the shares. Digital Look
• Positive Sentiment: Hang Seng Bank shareholders approved HSBC’s roughly $13.6bn takeover offer — a key execution milestone for HSBC’s privatisation plan that should unlock strategic value and simplify group structure. Reuters: Hang Seng approval
• Positive Sentiment: Legal/partnership wins and product moves: HSBC was named Best Transaction Bank in Bangladesh (brand/market positioning) and is partnering with L&G UK to explore annuity offerings — both support revenue diversification and client franchise strength. Euromoney item L&G partnership
• Neutral Sentiment: Shore Capital reaffirmed a “hold” and a GBX 1,070 target — a cautious signal but not a downgrade; keeps analyst coverage mixed. Digital Look
• Neutral Sentiment: Research calls on commodities (HSBC’s forecasts that gold could hit $5,000/oz and views on silver volatility) are important for market commentary but are unlikely to move HSBC’s share price materially. MarketWatch: gold call Hindu BusinessLine: silver
• Negative Sentiment: HSBC agreed to pay about €300m to settle a French tax/dividend (cum‑cum) dispute — a one‑off cost that reduces near-term earnings and may weigh on sentiment. Bloomberg Law

HSBC Company Profile