HSBC (LON:HSBA – Get Free Report) was upgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a research note issued to investors on Tuesday,Digital Look reports. The firm currently has a GBX 1,380 price target on the financial services provider’s stock, up from their previous price target of GBX 1,370. JPMorgan Chase & Co.‘s price target indicates a potential downside of 9.63% from the company’s current price.
Other analysts have also recently issued research reports about the stock. HSBC reiterated a “hold” rating and issued a GBX 1,450 price target on shares of HSBC in a research note on Wednesday, May 6th. UBS Group restated a “neutral” rating and set a GBX 1,419 price objective on shares of HSBC in a research report on Tuesday, May 5th. Royal Bank Of Canada lifted their target price on HSBC from GBX 1,200 to GBX 1,275 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,120 target price on shares of HSBC in a research report on Tuesday, May 5th. Finally, Shore Capital Group raised HSBC to a “hold” rating and increased their price target for the company from GBX 1,210 to GBX 1,250 in a research note on Thursday, May 7th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, HSBC presently has a consensus rating of “Hold” and a consensus price target of GBX 1,301.75.
Check Out Our Latest Stock Report on HSBC
HSBC Stock Performance
Insider Activity at HSBC
In other HSBC news, insider Pam Kaur bought 2,345 shares of HSBC stock in a transaction dated Friday, May 22nd. The shares were purchased at an average cost of GBX 1,340 per share, for a total transaction of £31,423. 0.14% of the stock is owned by insiders.
HSBC Company Profile
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