HSBC (LON:HSBA) Given New GBX 1,360 Price Target at JPMorgan Chase & Co.

HSBC (LON:HSBAFree Report) had its price objective boosted by JPMorgan Chase & Co. from GBX 1,190 to GBX 1,360 in a report issued on Tuesday morning,London Stock Exchange reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a research note on Friday, January 23rd. Shore Capital Group reiterated a “hold” rating and set a GBX 1,070 target price on shares of HSBC in a report on Friday, January 9th. Finally, Citigroup boosted their price target on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a research note on Friday, January 9th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of GBX 1,172.50.

Get Our Latest Stock Analysis on HSBA

HSBC Trading Down 3.1%

HSBA traded down GBX 37 during mid-day trading on Tuesday, hitting GBX 1,172.20. 2,147,000,000 shares of the stock were exchanged, compared to its average volume of 62,301,426. The firm’s fifty day moving average is GBX 1,264.19 and its two-hundred day moving average is GBX 1,133.53. HSBC has a 1-year low of GBX 698.70 and a 1-year high of GBX 1,410.60. The company has a market cap of £200.91 billion, a PE ratio of 9.77, a PEG ratio of 5.97 and a beta of 0.47.

Insider Buying and Selling at HSBC

In related news, insider Georges Elhedery purchased 842,628 shares of the business’s stock in a transaction that occurred on Monday, March 9th. The shares were purchased at an average cost of GBX 1,282 per share, for a total transaction of £10,802,490.96. Also, insider Pam Kaur sold 81,967 shares of the company’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 £1,049,177.60. In the last 90 days, insiders sold 242,798 shares of company stock valued at $308,402,488. Company insiders own 0.14% of the company’s stock.

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