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

Shares of HSBC Holdings plc (LON:HSBA) have earned a consensus rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating. The average 12-month price target among analysts that have covered the stock in the last year is GBX 1,394.25.

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada lifted their price objective on HSBC from GBX 1,275 to GBX 1,375 and gave the company a “sector perform” rating in a research note on Friday, August 14th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,120 target price on shares of HSBC in a research note on Tuesday, August 4th. Citigroup lowered their price target on HSBC from GBX 1,640 to GBX 1,570 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,520 target price on shares of HSBC in a research report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. boosted their price target on shares of HSBC from GBX 1,380 to GBX 1,450 and gave the stock a “neutral” rating in a research note on Friday, August 7th.

HSBC Stock Up 0.7%

LON HSBA opened at GBX 1,539.63 on Monday. The firm has a market cap of £263.75 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 5.97 and a beta of 0.58. The company’s 50 day moving average is GBX 1,522.42 and its 200-day moving average is GBX 1,395.04. HSBC has a 12-month low of GBX 959.29 and a 12-month high of GBX 1,610.

HSBC Company Profile