Shore Capital Reiterates Hold Rating for HSBC (LON:HSBA)

HSBC (LON:HSBA)‘s stock had its “hold” rating restated by equities research analysts at Shore Capital in a note issued to investors on Wednesday, Marketbeat reports. They currently have a GBX 1,070 price objective on the financial services provider’s stock. Shore Capital’s price objective indicates a potential downside of 0.40% from the company’s current price.

A number of other equities research analysts also recently weighed in on HSBA. Royal Bank Of Canada lifted their target price on HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Citigroup upped their price target on HSBC from GBX 1,160 to GBX 1,240 and gave the company a “buy” rating in a report on Wednesday, October 29th. Finally, JPMorgan Chase & Co. lifted their price objective on HSBC from GBX 1,010 to GBX 1,060 and gave the stock a “neutral” rating in a report on Tuesday. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, HSBC has an average rating of “Hold” and a consensus price target of GBX 1,060.83.

HSBC Price Performance

LON HSBA opened at GBX 1,074.26 on Wednesday. The firm has a market capitalization of £184.41 billion, a price-to-earnings ratio of 11.31, a P/E/G ratio of 5.97 and a beta of 0.52. The company’s fifty day moving average is GBX 1,047.31 and its two-hundred day moving average is GBX 969.19. HSBC has a 52-week low of GBX 698.70 and a 52-week high of GBX 1,126.20.

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.