HSBC (LON:HSBA) Given New GBX 1,450 Price Target at JPMorgan Chase & Co.

HSBC (LON:HSBA) had its target price hoisted by research analysts at JPMorgan Chase & Co. from GBX 1,380 to GBX 1,450 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price points to a potential downside of 5.32% from the stock’s previous close.

HSBA has been the subject of a number of other research reports. Jefferies Financial Group restated a “hold” rating and set a GBX 1,120 price objective on shares of HSBC in a report on Tuesday. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,520 price objective on shares of HSBC in a research report on Wednesday. UBS Group reiterated a “neutral” rating and set a GBX 1,419 target price on shares of HSBC in a report on Tuesday, May 5th. Citigroup decreased their target price on HSBC from GBX 1,640 to GBX 1,570 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Shore Capital Group raised HSBC to a “hold” rating and raised their price target for the stock from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th. Eight analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 1,381.75.

HSBC Price Performance

Shares of HSBA stock opened at GBX 1,531.40 on Friday. The stock has a market cap of £262.61 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 5.97 and a beta of 0.58. The stock has a 50-day moving average of GBX 1,454.05 and a 200-day moving average of GBX 1,348.05. HSBC has a one year low of GBX 927.70 and a one year high of GBX 1,610.

Insider Transactions at HSBC

In other news, insider Pam Kaur purchased 2,345 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average price of GBX 1,340 per share, with a total value of £31,423. Company insiders own 0.14% of the company’s stock.

About HSBC