HSBC Holdings plc (LON:HSBA) Receives GBX 980.83 Average PT from Brokerages

Shares of HSBC Holdings plc (LON:HSBA) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 980.83.

A number of research firms recently weighed in on HSBA. Shore Capital reiterated a “hold” rating on shares of HSBC in a research report on Thursday, October 9th. JPMorgan Chase & Co. increased their price target on HSBC from GBX 870 to GBX 940 and gave the company a “neutral” rating in a research report on Tuesday, September 9th. Royal Bank Of Canada increased their price target on HSBC from GBX 900 to GBX 950 and gave the company a “sector perform” rating in a research report on Wednesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 910 price objective on shares of HSBC in a research note on Thursday, July 31st.

HSBC Stock Down 0.1%

LON:HSBA opened at GBX 987.73 on Tuesday. HSBC has a 1-year low of GBX 670.90 and a 1-year high of GBX 1,067.80. The firm has a market capitalization of £170.32 billion, a price-to-earnings ratio of 977.95, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The stock has a fifty day simple moving average of GBX 992.21 and a 200 day simple moving average of GBX 909.72.

HSBC Company Profile

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.