HSBC Holdings plc (LON:HSBA) Receives Average Rating of “Hold” from Analysts

HSBC Holdings plc (LON:HSBA) has received a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,300.50.

Several research firms recently weighed in on HSBA. UBS Group reaffirmed a “neutral” rating and issued a GBX 1,419 price objective on shares of HSBC in a report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,120 price objective on shares of HSBC in a report on Tuesday, May 5th. HSBC reaffirmed a “hold” rating and issued a GBX 1,450 price objective on shares of HSBC in a report on Wednesday, May 6th. JPMorgan Chase & Co. upped their price objective on shares of HSBC from GBX 1,360 to GBX 1,370 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Royal Bank Of Canada upped their price objective on shares of HSBC from GBX 1,200 to GBX 1,275 and gave the stock a “sector perform” rating in a report on Thursday, May 14th.

HSBC Stock Performance

Shares of HSBA opened at GBX 1,442.40 on Wednesday. The company has a market cap of £247.35 billion, a price-to-earnings ratio of 11.92, a price-to-earnings-growth ratio of 5.97 and a beta of 0.58. The firm has a fifty day moving average of GBX 1,357.31 and a 200-day moving average of GBX 1,273.27. HSBC has a 1 year low of GBX 867.20 and a 1 year high of GBX 1,653.40.

Insider Buying and Selling

In other HSBC news, insider Pam Kaur purchased 2,345 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were purchased at an average cost of GBX 1,340 per share, for a total transaction of £31,423. Company insiders own 0.14% of the company’s stock.

HSBC Company Profile