HSBC's (HSBA) "Hold" Rating Reiterated at Shore Capital

Key Points

• HSBC's stock received a "hold" rating from Shore Capital, with a price target of GBX 980 ($13.09), indicating a potential upside of 3.93% from its current price.
• Royal Bank of Canada also reiterated a "sector perform" rating for HSBC, assigning a lower price target of GBX 900 ($12.02).
• Currently, HSBC has a consensus rating of "Moderate Buy" and a consensus price target of GBX 971 ($12.97), with mixed ratings from analysts.

HSBC (LON:HSBA - Get Free Report)'s stock had its "hold" rating reiterated by equities research analysts at Shore Capital in a research report issued on Wednesday, MarketBeat reports. They currently have a GBX 980 ($13.01) price objective on the financial services provider's stock. Shore Capital's target price indicates a potential upside of 6.77% from the company's current price.

Separately, Royal Bank Of Canada restated a "sector perform" rating and set a GBX 900 ($11.95) price objective on shares of HSBC in a research report on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 960.83 ($12.75).

HSBC Trading Down 0.5%

Shares of HSBC stock traded down GBX 4.90 ($0.07) on Wednesday, hitting GBX 917.90 ($12.18). 21,132,336 shares of the company traded hands, compared to its average volume of 24,682,385. The firm's 50-day simple moving average is GBX 897.52 and its 200 day simple moving average is GBX 865.05. The company has a market cap of £204.93 billion, a P/E ratio of 8.83, a P/E/G ratio of 5.97 and a beta of 0.52. HSBC has a 12-month low of GBX 610.89 ($8.11) and a 12-month high of GBX 978.79 ($12.99).

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.