HSBC Holdings plc (LON:HSBA) Given Consensus Rating of “Hold” by Brokerages

Shares of HSBC Holdings plc (LON:HSBAGet Rating) have been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 601.40 ($7.37).

HSBA has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of HSBC from GBX 500 ($6.12) to GBX 570 ($6.98) and gave the company a “hold” rating in a report on Monday, May 30th. Barclays reissued an “overweight” rating and issued a GBX 735 ($9.00) price target on shares of HSBC in a report on Wednesday, May 4th. Morgan Stanley reissued an “equal weight” rating on shares of HSBC in a report on Wednesday, May 11th. The Goldman Sachs Group set a GBX 710 ($8.70) price target on shares of HSBC in a report on Tuesday. Finally, Royal Bank of Canada lifted their target price on shares of HSBC from GBX 550 ($6.74) to GBX 590 ($7.23) and gave the stock an “outperform” rating in a report on Thursday, May 5th.

Shares of HSBC stock opened at GBX 540.60 ($6.62) on Tuesday. The firm has a market cap of £108.66 billion and a P/E ratio of 11.60. The firm has a 50 day simple moving average of GBX 512.84 and a 200 day simple moving average of GBX 503.62. HSBC has a fifty-two week low of GBX 358.45 ($4.39) and a fifty-two week high of GBX 567.20 ($6.95).

In other news, insider Carolyn Fairbairn purchased 15,000 shares of HSBC stock in a transaction dated Tuesday, May 17th. The shares were bought at an average cost of GBX 501 ($6.14) per share, with a total value of £75,150 ($92,050.47).

About HSBC (Get Rating)

HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.

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Analyst Recommendations for HSBC (LON:HSBA)

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