HSBC (LON:HSBA) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of HSBC (LON:HSBA) to a neutral rating in a research note published on Tuesday morning,Digital Look reports. They currently have GBX 1,380 price objective on the financial services provider’s stock, up from their prior price objective of GBX 1,370.

A number of other research firms also recently commented on HSBA. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,120 price objective on shares of HSBC in a report on Tuesday, May 5th. HSBC reaffirmed a “hold” rating and issued a GBX 1,450 price target on shares of HSBC in a report on Wednesday, May 6th. Royal Bank Of Canada increased their price target on shares of HSBC from GBX 1,200 to GBX 1,275 and gave the company a “sector perform” rating in a research note on Thursday, May 14th. UBS Group reissued a “neutral” rating and set a GBX 1,419 price objective on shares of HSBC in a report on Tuesday, May 5th. Finally, Shore Capital Group upgraded shares of HSBC to a “hold” rating and boosted their price objective for the stock from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, HSBC currently has an average rating of “Hold” and a consensus target price of GBX 1,301.75.

HSBC Trading Down 0.9%

Shares of HSBA stock opened at GBX 1,527 on Tuesday. The company has a market cap of £261.85 billion, a P/E ratio of 12.62, a PEG ratio of 5.97 and a beta of 0.56. The firm has a fifty day moving average price of GBX 1,414.81 and a 200 day moving average price of GBX 1,323.58. HSBC has a 12 month low of GBX 908.97 and a 12 month high of GBX 1,545.80.

Insiders Place Their Bets

In other news, insider Pam Kaur acquired 2,345 shares of the firm’s stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of GBX 1,340 per share, with a total value of £31,423. Corporate insiders own 0.14% of the company’s stock.

HSBC Company Profile