HSBC (LON:HSBA) Price Target Raised to GBX 1,190 at JPMorgan Chase & Co.

HSBC (LON:HSBA) had its target price hoisted by stock analysts at JPMorgan Chase & Co. from GBX 1,060 to GBX 1,190 in a research report issued to clients and investors on Thursday, Marketbeat.com reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price target would suggest a potential downside of 8.55% from the company’s current price.

Several other research analysts have also recently weighed in on HSBA. Royal Bank Of Canada upped their price objective 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. Deutsche Bank Aktiengesellschaft raised their price objective on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a research 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 report on Friday, January 9th. Finally, Shore Capital restated a “hold” rating and set a GBX 1,070 price target on shares of HSBC in a research report on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, HSBC has a consensus rating of “Hold” and an average price target of GBX 1,144.17.

HSBC Stock Performance

HSBC stock traded up GBX 0.20 during midday trading on Thursday, hitting GBX 1,301.20. 579,783,813 shares of the company’s stock were exchanged, compared to its average volume of 42,772,820. The company has a market cap of £223.36 billion, a P/E ratio of 13.70, a PEG ratio of 5.97 and a beta of 0.52. The stock has a 50-day moving average price of GBX 1,178.68 and a two-hundred day moving average price of GBX 1,064.53. HSBC has a 52-week low of GBX 698.70 and a 52-week high of GBX 1,309.60.

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