HSBC (LON:HSBA) Price Target Raised to GBX 1,370 at JPMorgan Chase & Co.

HSBC (LON:HSBAFree Report) had its price objective raised by JPMorgan Chase & Co. from GBX 1,360 to GBX 1,370 in a report published on Friday, MarketBeat Ratings reports. They currently have a neutral rating on the financial services provider’s stock.

A number of other equities analysts have also commented on HSBA. HSBC reissued a “hold” rating and issued a GBX 1,450 price target on shares of HSBC in a research report on Wednesday. UBS Group restated a “neutral” rating and issued a GBX 1,419 price target on shares of HSBC in a research report on Tuesday. Citigroup boosted their price objective on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a report on Friday, January 9th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,120 target price on shares of HSBC in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on HSBC from GBX 1,050 to GBX 1,200 and gave the stock a “hold” rating in a research report on Friday, January 23rd. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, HSBC has an average rating of “Hold” and a consensus price target of GBX 1,272.38.

Check Out Our Latest Stock Analysis on HSBA

HSBC Stock Performance

LON:HSBA opened at GBX 1,319.80 on Friday. The company has a market capitalization of £226.32 billion, a P/E ratio of 11.00, a P/E/G ratio of 5.97 and a beta of 0.57. The stock’s 50 day moving average price is GBX 1,281.78 and its 200 day moving average price is GBX 1,200.83. HSBC has a 52 week low of GBX 846.70 and a 52 week high of GBX 1,410.60.

Insider Buying and Selling

In related news, insider Georges Elhedery sold 94,749 shares of the stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total transaction of £1,212,787.20. Also, insider Pam Kaur sold 81,967 shares of HSBC stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60. Insiders have sold 242,798 shares of company stock worth $308,402,488 over the last ninety days. Company insiders own 0.14% of the company’s stock.

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