HSBC Holdings plc (LON:HSBA) Receives GBX 1,300.50 Consensus Price Target from Analysts

Shares of HSBC Holdings plc (LON:HSBA) have earned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is GBX 1,301.75.

A number of equities analysts have weighed in on HSBA shares. Royal Bank Of Canada upped their price target on HSBC from GBX 1,200 to GBX 1,275 and gave the stock a “sector perform” rating in a research report on Thursday, May 14th. JPMorgan Chase & Co. upgraded shares of HSBC to a “neutral” rating and lifted their price objective for the company from GBX 1,370 to GBX 1,380 in a report on Tuesday. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,120 price objective on shares of HSBC in a report on Tuesday, May 5th. Shore Capital Group raised shares of HSBC to a “hold” rating and boosted their price objective for the stock from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th. Finally, UBS Group restated a “neutral” rating and set a GBX 1,419 target price on shares of HSBC in a report on Tuesday, May 5th.

Insider Buying and Selling

In other HSBC news, insider Pam Kaur purchased 2,345 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of GBX 1,340 per share, with a total value of £31,423. 0.14% of the stock is owned by company insiders.

HSBC Stock Performance

LON:HSBA opened at GBX 1,488.16 on Friday. The stock has a 50-day simple moving average of GBX 1,407.50 and a 200 day simple moving average of GBX 1,318.69. HSBC has a 52-week low of GBX 908.97 and a 52-week high of GBX 1,509.40. The company has a market cap of £255.19 billion, a PE ratio of 12.30, a PEG ratio of 5.97 and a beta of 0.56.

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