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

HSBC (LON:HSBA)‘s stock had its “hold” rating reissued by Shore Capital in a report released on Friday,Digital Look reports. They presently have a GBX 1,070 price target on the financial services provider’s stock. Shore Capital’s price target suggests a potential downside of 10.25% from the company’s current price.

A number of other equities analysts have also recently weighed in on HSBA. Citigroup upped their price target on shares of HSBC from GBX 1,160 to GBX 1,240 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada upped 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. Finally, JPMorgan Chase & Co. lifted their price target on shares of HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Two equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, HSBC has a consensus rating of “Hold” and an average target price of GBX 1,074.17.

HSBC Stock Down 0.3%

Shares of HSBC stock traded down GBX 3.20 during trading on Friday, reaching GBX 1,192.20. The company’s stock had a trading volume of 8,503,910 shares, compared to its average volume of 15,281,949. The business has a 50 day moving average price of GBX 1,112.68 and a 200-day moving average price of GBX 1,017.13. HSBC has a 12-month low of GBX 698.70 and a 12-month high of GBX 1,227.20. The company has a market capitalization of £204.65 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.

HSBC Company Profile