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

Shares of HSBC Holdings plc (LON:HSBA) have received a consensus recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is GBX 1,301.75.

A number of brokerages have recently commented on HSBA. UBS Group reissued a “neutral” rating and issued a GBX 1,419 price objective on shares of HSBC in a research report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,120 target price on shares of HSBC in a report on Tuesday, May 5th. HSBC reiterated a “hold” rating and issued a GBX 1,450 target price on shares of HSBC in a research note on Wednesday, May 6th. Royal Bank Of Canada lifted their price target on HSBC from GBX 1,200 to GBX 1,275 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Finally, Shore Capital Group raised HSBC to a “hold” rating and boosted their price target for the stock from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th.

Insider Activity

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

HSBC Trading Down 0.9%

LON HSBA opened at GBX 1,527 on Friday. The firm’s fifty day moving average price is GBX 1,414.81 and its two-hundred day moving average price is GBX 1,323.58. HSBC has a 1 year low of GBX 908.97 and a 1 year high of GBX 1,545.80. The firm has a market capitalization of £261.85 billion, a P/E ratio of 12.62, a price-to-earnings-growth ratio of 5.97 and a beta of 0.56.

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