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

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

A number of equities research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft lifted their target price on HSBC from GBX 1,050 to GBX 1,200 and gave the stock a “hold” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of HSBC from GBX 1,060 to GBX 1,190 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Shore Capital Group reissued a “hold” rating and set a GBX 1,070 target price on shares of HSBC in a research report on Friday, January 9th. Royal Bank Of Canada raised 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 note on Thursday, October 30th. Finally, Citigroup upped their price objective on HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a research note on Friday, January 9th.

HSBC Stock Performance

HSBC stock opened at GBX 1,233 on Monday. HSBC has a fifty-two week low of GBX 698.70 and a fifty-two week high of GBX 1,322.60. The firm’s 50-day simple moving average is GBX 1,208.47 and its 200 day simple moving average is GBX 1,081.79. The stock has a market cap of £211.66 billion, a PE ratio of 12.98, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.

About HSBC