Brokerages Set HSBC Holdings plc (LON:HSBA) Target Price at GBX 1,060.83

HSBC Holdings plc (LON:HSBA) has been given an average recommendation of “Hold” by the six research firms that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 1,060.83.

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Citigroup raised their price objective on HSBC from GBX 1,160 to GBX 1,240 and gave the company a “buy” rating in a research note on Wednesday, October 29th. Royal Bank Of Canada lifted their price objective on HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Finally, Shore Capital reissued a “hold” rating and issued a GBX 1,070 target price on shares of HSBC in a report on Wednesday, December 3rd.

HSBC Price Performance

HSBA opened at GBX 1,175.60 on Friday. HSBC has a 12 month low of GBX 698.70 and a 12 month high of GBX 1,181.20. The stock has a market capitalization of £201.80 billion, a P/E ratio of 12.37, a P/E/G ratio of 5.97 and a beta of 0.52. The business has a 50 day simple moving average of GBX 1,089.29 and a 200-day simple moving average of GBX 1,003.31.

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