HSBC’s (HSBA) Hold Rating Reiterated at Shore Capital

Shore Capital reissued their hold rating on shares of HSBC (LON:HSBA) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. They currently have a GBX 1,070 price objective on the financial services provider’s stock.

Several other research firms have also recently commented on HSBA. Citigroup raised their target price on shares of HSBC from GBX 1,160 to GBX 1,240 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. JPMorgan Chase & Co. increased their price objective on HSBC from GBX 1,010 to GBX 1,060 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Royal Bank Of Canada boosted their target price on shares of HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Two investment 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.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 1,060.83.

HSBC Stock Performance

Shares of HSBC stock opened at GBX 1,063.60 on Wednesday. The company has a market capitalization of £182.58 billion, a P/E ratio of 11.20, a PEG ratio of 5.97 and a beta of 0.52. HSBC has a 1 year low of GBX 698.70 and a 1 year high of GBX 1,126.20. The company’s fifty day moving average is GBX 1,047.81 and its two-hundred day moving average is GBX 970.46.

About HSBC

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.