HSBC Sets $373 Chubb Price Target Despite 17.6% Annual Gain
CB•HSBC downgraded Chubb to Hold with a $373 price target, implying just 3.28% upside. Shares have climbed 17.6% over the past year versus industry’s 1.6% growth, prompting a Zacks Buy rating and A Value grade.
1. Analyst Downgrade and Price Target
On July 6, HSBC analyst Vikram Gandhi downgraded Chubb to Hold, setting a $373 price target that reflects just 3.28% potential upside from recent trading levels.
2. Strong Stock Performance
Chubb shares have surged 17.6% over the past year, significantly outperforming the broader industry’s 1.6% gain and reaching near its 52-week high of $361.33.
3. Divergent Ratings and Fundamentals
Zacks assigns the stock a Buy rating and A Value grade, noting four consecutive quarters of earnings beats by an average of 12.4% and projected Q2 net investment income of $1.825–1.85 billion.
