HSBC (LON:HSBA) Price Target Raised to GBX 1,450 at JPMorgan Chase & Co.

HSBC (LON:HSBA) had its price objective boosted by JPMorgan Chase & Co. from GBX 1,380 to GBX 1,450 in a research note released on Friday morning, MarketBeat reports. The brokerage currently has a neutral rating on the financial services provider’s stock.

Several other research analysts have also commented on the stock. Shore Capital Group raised shares of HSBC to a “hold” rating and lifted their price target for the company from GBX 1,210 to GBX 1,250 in a report on Thursday, May 7th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,120 price objective on shares of HSBC in a research note on Tuesday. UBS Group reissued a “neutral” rating and issued a GBX 1,419 target price on shares of HSBC in a report on Tuesday, May 5th. HSBC restated a “hold” rating and issued a GBX 1,450 target price on shares of HSBC in a research note on Wednesday, May 6th. Finally, Citigroup dropped their price target on HSBC from GBX 1,640 to GBX 1,570 and set a “neutral” rating on the stock in a research report on Wednesday. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 1,381.75.

HSBC Price Performance

Shares of HSBA opened at GBX 1,529.20 on Friday. The stock has a market capitalization of £262.23 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 5.97 and a beta of 0.58. The business’s fifty day moving average price is GBX 1,456.76 and its 200 day moving average price is GBX 1,349.31. HSBC has a 12-month low of GBX 927.70 and a 12-month high of GBX 1,610.

Insiders Place Their Bets

In related news, insider Pam Kaur bought 2,345 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was purchased at an average price 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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