HSBC (LON:HSBA) Upgraded to “Neutral” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of HSBC (LON:HSBA) to a neutral rating in a research report sent to investors on Tuesday,Digital Look reports. The firm currently has GBX 1,380 price target on the financial services provider’s stock, up from their previous price target of GBX 1,370.

Other research analysts have also issued reports about the company. UBS Group reissued a “neutral” rating and issued a GBX 1,419 price target on shares of HSBC in a research report on Tuesday, May 5th. HSBC reaffirmed a “hold” rating and set a GBX 1,450 price objective on shares of HSBC in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their target price on HSBC from GBX 1,200 to GBX 1,275 and gave the company a “sector perform” rating in a research note on Thursday, May 14th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,120 target price on shares of HSBC in a report on Tuesday, May 5th. Finally, Shore Capital Group raised shares of HSBC to a “hold” rating and increased their price target for the company from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th. One equities research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,301.75.

HSBC Trading Up 0.5%

Shares of LON HSBA opened at GBX 1,488.16 on Tuesday. The stock has a market capitalization of £255.19 billion, a PE ratio of 12.30, a price-to-earnings-growth ratio of 5.97 and a beta of 0.56. The stock’s fifty day simple moving average is GBX 1,407.50 and its two-hundred day simple moving average is GBX 1,318.69. HSBC has a 12-month low of GBX 908.97 and a 12-month high of GBX 1,509.40.

Insiders Place Their Bets

In other HSBC news, insider Pam Kaur bought 2,345 shares of HSBC stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of GBX 1,340 per share, with a total value of £31,423. 0.14% of the stock is currently owned by company insiders.

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