Royal Bank Of Canada Reiterates "Sector Perform" Rating for HSBC (LON:HSBA)

HSBC (LON:HSBA - Get Free Report)'s stock had its "sector perform" rating reaffirmed by investment analysts at Royal Bank Of Canada in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. They presently have a GBX 900 ($11.93) target price on the financial services provider's stock. Royal Bank Of Canada's price target points to a potential downside of 2.44% from the company's previous close.

Separately, Shore Capital reiterated a "hold" rating on shares of HSBC in a report on Tuesday, April 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of GBX 960.83 ($12.74).

HSBC Price Performance

Shares of LON:HSBA traded down GBX 3.50 ($0.05) on Wednesday, hitting GBX 922.50 ($12.23). The company's stock had a trading volume of 849,082,875 shares, compared to its average volume of 30,351,863. The company has a 50-day simple moving average of GBX 895.71 and a 200 day simple moving average of GBX 862.93. HSBC has a 1 year low of GBX 610.89 ($8.10) and a 1 year high of GBX 978.79 ($12.98). The company has a market capitalization of £205.96 billion, a PE ratio of 8.87, a PEG ratio of 5.97 and a beta of 0.52.

About HSBC

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.