HSBC (LON:HSBA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

HSBC (LON:HSBA) had its price objective raised by research analysts at JPMorgan Chase & Co. from GBX 1,060 to GBX 1,190 in a research report issued on Thursday, MarketBeat Ratings reports. The firm currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target points to a potential downside of 6.86% from the stock’s current price.

A number of other brokerages have also issued reports on HSBA. Shore Capital Group reissued a “hold” rating and set a GBX 1,070 target price on shares of HSBC in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a report on Friday, January 23rd. Citigroup upped their target price on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a research note on Friday, January 9th. Finally, Royal Bank Of Canada raised their target price on shares of HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a research 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. Based on data from MarketBeat, HSBC currently has an average rating of “Hold” and a consensus target price of GBX 1,144.17.

HSBC Stock Down 2.3%

HSBA opened at GBX 1,277.60 on Thursday. The business has a fifty day moving average of GBX 1,187.55 and a 200 day moving average of GBX 1,068.50. The stock has a market cap of £219.31 billion, a P/E ratio of 13.45, a PEG ratio of 5.97 and a beta of 0.52. HSBC has a 52-week low of GBX 698.70 and a 52-week high of GBX 1,309.60.

HSBC Company Profile