HSBC (LON:HSBA) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

HSBC (LON:HSBA) had its price target increased by JPMorgan Chase & Co. from GBX 1,010 to GBX 1,060 in a research note issued on Tuesday, 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 1.03% from the company’s current price.

HSBA has been the topic of several other research reports. Shore Capital reissued a “hold” rating on shares of HSBC in a report on Tuesday, October 28th. Citigroup upped their price objective on HSBC from GBX 1,160 to GBX 1,240 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Finally, Royal Bank Of Canada increased their price objective 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 analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, HSBC currently has an average rating of “Hold” and an average target price of GBX 1,060.83.

HSBC Stock Down 1.5%

LON HSBA opened at GBX 1,071.08 on Tuesday. HSBC has a 52 week low of GBX 698.70 and a 52 week high of GBX 1,126.20. The firm has a 50 day moving average of GBX 1,046.32 and a two-hundred day moving average of GBX 968.46. The stock has a market capitalization of £184.15 billion, a PE ratio of 11.27, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.

About HSBC

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.