HSBC Holdings plc (LON:HSBA) Given Consensus Recommendation of “Hold” by Analysts

HSBC Holdings plc (LON:HSBA) has received an average recommendation of “Hold” from the six research firms that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,045.83.

Several research analysts recently issued reports on HSBA shares. Royal Bank Of Canada upped their target price on HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Shore Capital restated a “hold” rating on shares of HSBC in a research note on Tuesday, October 28th. JPMorgan Chase & Co. upped their price objective on shares of HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a report on Tuesday. Finally, Citigroup increased their price objective on shares of HSBC from GBX 1,160 to GBX 1,240 and gave the company a “buy” rating in a research report on Wednesday, October 29th.

HSBC Price Performance

HSBA opened at GBX 1,087.34 on Wednesday. The firm has a market capitalization of £186.94 billion, a PE ratio of 11.45, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. The business’s 50-day moving average is GBX 1,045.63 and its two-hundred day moving average is GBX 967.73. HSBC has a 1 year low of GBX 698.70 and a 1 year high of GBX 1,126.20.

About HSBC

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.