HSBC (LON:HSBA) Price Target Raised to GBX 1,360

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

HSBA has been the topic of several other reports. Shore Capital Group reiterated a “hold” rating and issued a GBX 1,070 price objective on shares of HSBC in a research report on Friday, January 9th. Citigroup raised their target price on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a report on Friday, January 23rd. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of GBX 1,172.50.

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HSBC Price Performance

HSBA traded down GBX 37 during trading on Tuesday, reaching GBX 1,172.20. 2,147,000,000 shares of the stock were exchanged, compared to its average volume of 62,301,426. The company has a market capitalization of £200.91 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 5.97 and a beta of 0.47. HSBC has a 1 year low of GBX 698.70 and a 1 year high of GBX 1,410.60. The business’s 50 day moving average price is GBX 1,264.19 and its two-hundred day moving average price is GBX 1,133.53.

Insider Buying and Selling at HSBC

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 HSBC stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total value of £1,212,787.20. Insiders sold 242,798 shares of company stock worth $308,402,488 over the last 90 days. Company insiders own 0.14% of the company’s stock.

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