This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Technical Observations – For
Technical Observations – Against
Beginnings of a share price breakout to extend recent uptrend. Potential for rally back to 16yr falling highs, just shy of 800p. Yesterday, analysts at Morgan Stanley said HSBC shares had further to go, and upped its price target to 900p from 850p; one of its top picks in Europe, with a unique set-up combining growth and yield. Attractive 5% dividend yield. Currently executing a supportive $2bn share buyback.
Consensus is Bullish (only 9% of brokers say Sell) and 56% of brokers suggest upside from current levels. Consensus target implies upside of 3%, but share price momentum could generate rating and targets upgrades among the 56% of brokers who are neutral. Broker updates yesterday had targets of 800p and 900p.
Next Event: Q2 results, 6 Aug
Latest Broker 12-Month Consensus: 34% Buy, 56% Hold, 9% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | 0.5 | 5.8 | 1.9 | 0.4 | 11.3 | 72.9 | 19.6 | 20.5 | -3.3 |
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