HSBC (LON:HSBA) Raised to “Neutral” at JPMorgan Chase & Co.

HSBC (LON:HSBAGet 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

Shares of LON:HSBA opened at GBX 1,527.08 on Tuesday. The firm has a market cap of £261.87 billion, a price-to-earnings ratio of 12.62, a P/E/G ratio of 5.97 and a beta of 0.56. The firm has a fifty day moving average price of GBX 1,411.27 and a 200 day moving average price of GBX 1,321.17. HSBC has a fifty-two week low of GBX 908.97 and a fifty-two week high of GBX 1,543.10.

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.

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Analyst Recommendations for HSBC (LON:HSBA)

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