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

Shares of HSBC Holdings plc (LON:HSBA) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,403.

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

HSBC Price Performance

Shares of LON:HSBA opened at GBX 1,464.60 on Friday. The company’s fifty day moving average price is GBX 1,525.76 and its 200-day moving average price is GBX 1,422.98. The firm has a market capitalization of £250.90 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 5.97 and a beta of 0.58. HSBC has a one year low of GBX 959.29 and a one year high of GBX 1,610.

HSBC Company Profile