HSBC (LON:HSBA) Price Target Raised to GBX 1,060

HSBC (LON:HSBA) had its price objective upped by JPMorgan Chase & Co. from GBX 1,010 to GBX 1,060 in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other equities research analysts have also recently commented on the stock. Shore Capital reaffirmed a “hold” rating on shares of HSBC in a research report on Tuesday, October 28th. Citigroup increased their target price on HSBC from GBX 1,160 to GBX 1,240 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Finally, Royal Bank Of Canada boosted their price target on HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of GBX 1,060.83.

HSBC Stock Performance

Shares of HSBA opened at GBX 1,074.26 on Tuesday. The firm has a market cap of £184.41 billion, a P/E ratio of 11.31, a PEG ratio of 5.97 and a beta of 0.52. HSBC has a twelve month low of GBX 698.70 and a twelve month high of GBX 1,126.20. The firm’s 50 day moving average price is GBX 1,047.31 and its two-hundred day moving average price is GBX 969.19.

HSBC Company Profile

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.