HSBC's (HSBA) Hold Rating Reaffirmed at Shore Capital

Key Points

• HSBC's stock retains a "hold" rating from Shore Capital, reflecting a cautious outlook amid mixed analyst assessments.
• Royal Bank Of Canada and JPMorgan Chase raised their price targets for HSBC to GBX 950 and GBX 940 respectively, indicating optimism about the stock's performance.
• Currently, HSBC has a market capitalization of £172.66 billion with stock trading at GBX 1,001.31, well above its 12-month low of GBX 664.60.

HSBC (LON:HSBA - Get Free Report)'s stock had its "hold" rating restated by investment analysts at Shore Capital in a research note issued to investors on Thursday,Digital Look reports.

Several other equities research analysts have also issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of HSBC from GBX 900 to GBX 950 and gave the company a "sector perform" rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. upped their price objective on shares of HSBC from GBX 870 to GBX 940 and gave the company a "neutral" rating in a research note on Tuesday, September 9th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 910 target price on shares of HSBC in a 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of GBX 980.83.

HSBC Stock Performance

HSBC stock traded down GBX 64.69 during trading hours on Thursday, hitting GBX 1,001.31. 55,962,168 shares of the stock were exchanged, compared to its average volume of 23,974,279. HSBC has a 12 month low of GBX 664.60 and a 12 month high of GBX 1,067.80. The business's 50-day moving average is GBX 984.15 and its two-hundred day moving average is GBX 905.30. The stock has a market capitalization of £172.66 billion, a P/E ratio of 991.40, a P/E/G ratio of 5.97 and a beta of 0.52.

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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