HSBC (LON:HSBA) Given New GBX 940 Price Target at JPMorgan Chase & Co.

Key Points

• HSBC's price target has been increased by JPMorgan Chase & Co. from GBX 870 to GBX 940, although the current rating remains "neutral."
• Other analysts, including Royal Bank of Canada and Shore Capital, have also adjusted their price targets, with RBC setting it at GBX 950 and Shore Capital at GBX 980.
• HSBC shares recently traded at GBX 969.70 and have a market capitalization of approximately £167.94 billion.

HSBC (LON:HSBA - Get Free Report) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from GBX 870 to GBX 940 in a research note issued to investors on Tuesday,Digital Look reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. JPMorgan Chase & Co.'s target price would suggest a potential downside of 3.06% from the stock's current price.

A number of other equities analysts also recently issued reports on HSBA. Royal Bank Of Canada upped their price target on HSBC from GBX 900 to GBX 950 and gave the company a "sector perform" rating in a report on Wednesday, August 13th. Shore Capital reaffirmed a "hold" rating and set a GBX 980 price target on shares of HSBC in a research report on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 910 price target on shares of HSBC in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of GBX 980.83.

HSBC Stock Down 0.0%

Shares of HSBA opened at GBX 969.70 on Tuesday. The stock has a 50 day moving average price of GBX 937.05 and a 200 day moving average price of GBX 883.79. The company has a market capitalization of £167.94 billion, a price-to-earnings ratio of 960.10, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. HSBC has a 52-week low of GBX 645.50 and a 52-week high of GBX 981.80.

HSBC Company Profile

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.

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