HSBC (LON:HSBA) Stock Rating Reaffirmed by JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of HSBC (LON:HSBA) in a research report sent to investors on Tuesday morning, Borsen Zeitung reports. The firm currently has a GBX 600 ($7.89) target price on the financial services provider’s stock.

Other research analysts also recently issued research reports about the company. Credit Suisse Group reduced their target price on HSBC from GBX 680 ($8.95) to GBX 655 ($8.62) and set a neutral rating on the stock in a report on Tuesday, October 29th. Barclays reiterated an underweight rating on shares of HSBC in a report on Tuesday, January 21st. Jefferies Financial Group upgraded HSBC to a buy rating and upped their price target for the stock from GBX 691 ($9.09) to GBX 790 ($10.39) in a research note on Monday, November 18th. Berenberg Bank restated a sell rating on shares of HSBC in a research note on Monday, December 2nd. Finally, Bank of America upgraded HSBC to a buy rating in a research note on Thursday, December 12th. Eight investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. HSBC has an average rating of Hold and a consensus target price of GBX 601.67 ($7.91).

HSBA stock opened at GBX 584.50 ($7.69) on Tuesday. HSBC has a fifty-two week low of GBX 0.78 ($0.01) and a fifty-two week high of GBX 687.70 ($9.05). The business’s 50 day moving average price is GBX 582.59 and its two-hundred day moving average price is GBX 597.54. The company has a market capitalization of $118.73 billion and a price-to-earnings ratio of 9.08.

About HSBC

HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.

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Analyst Recommendations for HSBC (LON:HSBA)

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