HSBC (LON:HSBA) Price Target Raised to GBX 1,450 at JPMorgan Chase & Co.

HSBC (LON:HSBA – Get Free Report) had its price objective increased by investment analysts at JPMorgan Chase & Co. from GBX 1,380 to GBX 1,450 in a report released on Friday,London Stock Exchange reports. The firm currently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential downside of 5.32% from the stock’s current price.

Other research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,520 price target on shares of HSBC in a research report on Wednesday. Shore Capital Group raised HSBC to a “hold” rating and increased their price objective for the company from GBX 1,210 to GBX 1,250 in a report on Thursday, May 7th. HSBC restated a “hold” rating and set a GBX 1,450 target price on shares of HSBC in a report on Wednesday, May 6th. Citigroup cut their price target on shares of HSBC from GBX 1,640 to GBX 1,570 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Royal Bank Of Canada boosted their price objective on shares of HSBC from GBX 1,200 to GBX 1,275 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. Eight equities research analysts have rated the stock with a Hold rating, According to MarketBeat, HSBC currently has an average rating of “Hold” and a consensus price target of GBX 1,381.75.

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HSBC Price Performance

HSBC stock opened at GBX 1,531.40 on Friday. The company has a market cap of £262.61 billion, a price-to-earnings ratio of 12.66, a P/E/G ratio of 5.97 and a beta of 0.58. The firm has a 50-day moving average of GBX 1,454.05 and a 200-day moving average of GBX 1,348.05. HSBC has a one year low of GBX 927.70 and a one year high of GBX 1,610.

Insider Buying and Selling

In related news, insider Pam Kaur acquired 2,345 shares of HSBC stock in a transaction on Friday, May 22nd. The stock was purchased at an average cost of GBX 1,340 per share, with a total value of £31,423. 0.14% of the stock is currently owned by company insiders.

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