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

HSBC (LON:HSBA)‘s stock had its “hold” rating restated by equities researchers at Shore Capital in a report issued on Friday,Digital Look reports. They currently have a GBX 1,070 target price on the financial services provider’s stock. Shore Capital’s price target would indicate a potential downside of 10.25% from the company’s current price.

A number of other analysts have also recently weighed in on HSBA. Citigroup raised their price objective on shares of HSBC from GBX 1,160 to GBX 1,240 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Royal Bank Of Canada boosted their price target on shares of HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. upped their target price on HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of GBX 1,074.17.

HSBC Stock Performance

Shares of LON:HSBA traded down GBX 3.20 on Friday, hitting GBX 1,192.20. 8,503,910 shares of the company’s stock were exchanged, compared to its average volume of 15,281,949. HSBC has a 1-year low of GBX 698.70 and a 1-year high of GBX 1,227.20. The company has a market capitalization of £204.65 billion, a PE ratio of 12.55, a P/E/G ratio of 5.97 and a beta of 0.52. The firm’s 50-day moving average is GBX 1,112.68 and its 200 day moving average is GBX 1,017.13.

HSBC Company Profile