HSBC Holdings plc (LON:HSBA) Receives GBX 1,144.17 Average Price Target from Analysts

HSBC Holdings plc (LON:HSBA) has been given a consensus rating of “Hold” by the six brokerages that are presently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is GBX 1,144.17.

Several research firms recently weighed in on HSBA. Deutsche Bank Aktiengesellschaft raised their target price on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a research note on Friday, January 23rd. Royal Bank Of Canada lifted their price objective on shares of HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Shore Capital Group reaffirmed a “hold” rating and issued a GBX 1,070 target price on shares of HSBC in a report on Friday, January 9th. Citigroup raised their target price on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a research note on Friday, January 9th. Finally, JPMorgan Chase & Co. boosted their price target on HSBC from GBX 1,060 to GBX 1,190 and gave the stock a “neutral” rating in a research report on Thursday, February 5th.

HSBC Stock Up 0.8%

HSBA stock opened at GBX 1,300.20 on Monday. The company has a market cap of £223.19 billion, a price-to-earnings ratio of 13.69, a P/E/G ratio of 5.97 and a beta of 0.52. HSBC has a twelve month low of GBX 698.70 and a twelve month high of GBX 1,322.60. The business has a 50 day moving average price of GBX 1,226.52 and a two-hundred day moving average price of GBX 1,094.03.

HSBC Company Profile