JPMorgan Chase & Co. Increases HSBC (LON:HSBA) Price Target to GBX 1,360

HSBC (LON:HSBAGet Free Report) had its target price raised by equities research analysts at JPMorgan Chase & Co. from GBX 1,190 to GBX 1,360 in a research report issued on Tuesday,London Stock Exchange reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 16.02% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Shore Capital Group reissued a “hold” rating and issued a GBX 1,070 target price on shares of HSBC in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised their price target on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a research report on Friday, January 23rd. Finally, Citigroup boosted their target price on HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a research report on Friday, January 9th. Two 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 stock has an average rating of “Hold” and a consensus target price of GBX 1,172.50.

Check Out Our Latest Analysis on HSBC

HSBC Trading Down 3.1%

Shares of HSBA traded down GBX 37 during trading hours on Tuesday, reaching GBX 1,172.20. 2,147,000,000 shares of the company’s stock traded hands, compared to its average volume of 62,301,426. The stock has a market cap of £200.91 billion, a PE ratio of 9.77, a price-to-earnings-growth ratio of 5.97 and a beta of 0.47. The firm’s 50 day simple moving average is GBX 1,264.19 and its 200-day simple moving average is GBX 1,133.53. HSBC has a 12 month low of GBX 698.70 and a 12 month high of GBX 1,410.60.

Insider Buying and Selling

In related news, insider Pam Kaur sold 81,967 shares of the stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60. Also, insider Georges Elhedery sold 94,749 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total transaction of £1,212,787.20. In the last ninety days, insiders sold 242,798 shares of company stock worth $308,402,488. Corporate insiders own 0.14% of the company’s stock.

Key HSBC News

Here are the key news stories impacting HSBC this week:

About HSBC

(Get Free Report)

Further Reading

Analyst Recommendations for HSBC (LON:HSBA)

Receive News & Ratings for HSBC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC and related companies with MarketBeat.com's FREE daily email newsletter.