JPMorgan Chase & Co. Upgrades HSBC (LON:HSBA) to “Neutral”

HSBC (LON:HSBA) was upgraded by equities researchers at JPMorgan Chase & Co. to a “neutral” rating in a research note issued to investors on Tuesday,Digital Look reports. The brokerage currently has a GBX 1,380 target price on the financial services provider’s stock, up from their prior target price of GBX 1,370. JPMorgan Chase & Co.‘s target price points to a potential downside of 7.62% from the company’s current price.

A number of other equities research analysts have also issued reports on HSBA. Royal Bank Of Canada boosted 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 report on Thursday, May 14th. Shore Capital Group upgraded shares of HSBC to a “hold” rating and lifted their price objective for the stock from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,120 target price on shares of HSBC in a research note on Tuesday, May 5th. HSBC restated a “hold” rating and issued a GBX 1,450 target price on shares of HSBC in a report on Wednesday, May 6th. Finally, UBS Group reiterated a “neutral” rating and set a GBX 1,419 price target on shares of HSBC in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, HSBC presently has a consensus rating of “Hold” and a consensus target price of GBX 1,301.75.

HSBC Trading Up 0.9%

HSBA stock opened at GBX 1,493.80 on Tuesday. HSBC has a one year low of GBX 908.97 and a one year high of GBX 1,499. The firm has a 50-day moving average of GBX 1,403.95 and a two-hundred day moving average of GBX 1,316.47. The firm has a market capitalization of £256.16 billion, a PE ratio of 12.35, a P/E/G ratio of 5.97 and a beta of 0.56.

Insider Activity

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

HSBC Company Profile