HSBC Holdings plc (LON:HSBA) Receives Average Rating of “Hold” from Brokerages

HSBC Holdings plc (LON:HSBA) has earned an average rating of “Hold” from the six ratings firms that are covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is GBX 1,074.17.

A number of analysts have recently commented on HSBA shares. Royal Bank Of Canada boosted their target price on shares of HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Shore Capital restated a “hold” rating and set a GBX 1,070 price objective on shares of HSBC in a research report on Friday, January 9th. Citigroup lifted their target price on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a research report on Friday, January 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a research note on Tuesday, December 2nd.

HSBC Stock Performance

Shares of LON:HSBA opened at GBX 1,248.60 on Thursday. The firm has a market capitalization of £214.33 billion, a P/E ratio of 13.14, a P/E/G ratio of 5.97 and a beta of 0.52. The stock has a 50 day moving average price of GBX 1,137.34 and a 200-day moving average price of GBX 1,039.50. HSBC has a 52-week low of GBX 698.70 and a 52-week high of GBX 1,249.60.

HSBC Company Profile