HSBC Holdings plc (LON:HSBA) Given Average Recommendation of “Hold” by Brokerages

HSBC Holdings plc (LON:HSBA) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,060.83.

Several research firms have issued reports on HSBA. Shore Capital reiterated a “hold” rating and set a GBX 1,070 price objective on shares of HSBC in a research note on Wednesday, December 3rd. Royal Bank Of Canada upped their price target on shares of HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. raised their price objective on HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Finally, Citigroup upped their target price on HSBC from GBX 1,160 to GBX 1,240 and gave the stock a “buy” rating in a research report on Wednesday, October 29th.

HSBC Stock Performance

HSBA stock opened at GBX 1,175.40 on Friday. HSBC has a one year low of GBX 698.70 and a one year high of GBX 1,179.40. The company has a fifty day moving average of GBX 1,081.60 and a 200-day moving average of GBX 998.22. The stock has a market capitalization of £201.77 billion, a PE ratio of 12.37, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.

HSBC Company Profile