HSBC Holdings plc (LON:HSBA) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of HSBC Holdings plc (LON:HSBA) have received a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is GBX 1,403.

A number of equities research analysts have weighed in on HSBA shares. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,520 price objective on shares of HSBC in a report on Wednesday, August 5th. JPMorgan Chase & Co. increased their target price on HSBC from GBX 1,380 to GBX 1,450 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,120 price target on shares of HSBC in a research note on Tuesday, August 4th. Royal Bank Of Canada upped their price objective on HSBC from GBX 1,275 to GBX 1,375 and gave the stock a “sector perform” rating in a report on Friday, August 14th. Finally, Citigroup upped their price objective on HSBC from GBX 1,570 to GBX 1,640 and gave the stock a “neutral” rating in a report on Wednesday, September 23rd.

HSBC Stock Up 0.1%

LON HSBA opened at GBX 1,366.40 on Tuesday. The stock has a market capitalization of £233.74 billion, a P/E ratio of 9.76, a P/E/G ratio of 5.97 and a beta of 0.58. HSBC has a 52-week low of GBX 979.80 and a 52-week high of GBX 1,610. The firm has a 50-day moving average price of GBX 1,487.02 and a 200 day moving average price of GBX 1,381.49.

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