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

HSBC (LON:HSBA)‘s stock had its “hold” rating restated by equities researchers at Shore Capital in a research report issued on Friday, Marketbeat Ratings reports. They currently have a GBX 1,070 price objective on the financial services provider’s stock. Shore Capital’s price objective points to a potential downside of 10.25% from the company’s previous close.

Several other research analysts have also recently issued reports on HSBA. JPMorgan Chase & Co. upped 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. Citigroup upped their price target on HSBC from GBX 1,160 to GBX 1,240 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada increased their price target on shares of HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, HSBC has an average rating of “Hold” and a consensus target price of GBX 1,074.17.

HSBC Stock Down 0.3%

HSBA opened at GBX 1,192.20 on Friday. The company has a market cap of £204.65 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The company has a 50-day moving average price of GBX 1,115.32 and a 200 day moving average price of GBX 1,020.36. HSBC has a twelve month low of GBX 698.70 and a twelve month high of GBX 1,227.20.

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