Brokerages Set HSBC Holdings plc (LON:HSBA) Target Price at GBX 1,144.17

Shares of HSBC Holdings plc (LON:HSBA) have received a consensus rating of “Hold” from the six ratings firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,144.17.

A number of equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the stock a “hold” rating in a research note on Friday, January 23rd. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 1,070 price objective on shares of HSBC in a research note 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 report on Friday, January 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of HSBC from GBX 1,060 to GBX 1,190 and gave the company a “neutral” rating in a research report on Thursday, February 5th.

HSBC Trading Down 1.1%

HSBC stock opened at GBX 1,182.20 on Friday. The company has a market cap of £202.63 billion, a PE ratio of 9.85, a PEG ratio of 5.97 and a beta of 0.47. HSBC has a 1 year low of GBX 698.70 and a 1 year high of GBX 1,410.60. The company’s 50-day moving average is GBX 1,264.21 and its two-hundred day moving average is GBX 1,129.46.

Insiders Place Their Bets

In related news, insider Pam Kaur sold 81,967 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total value of £1,049,177.60. Also, insider Georges Elhedery sold 94,749 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total value of £1,212,787.20. Over the last ninety days, insiders have sold 242,798 shares of company stock valued at $308,402,488. 0.14% of the stock is owned by insiders.

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