Analysts Set HSBC Holdings plc (LON:HSBA) Price Target at GBX 1,186.67

HSBC Holdings plc (LON:HSBA) has been assigned an average rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 1,272.38.

Several equities research analysts have commented on the stock. HSBC reiterated a “hold” rating and issued a GBX 1,450 price objective on shares of HSBC in a research note on Wednesday, May 6th. UBS Group reiterated a “neutral” rating and issued a GBX 1,419 price objective on shares of HSBC in a research note on Tuesday, May 5th. Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,120 price objective on shares of HSBC in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft increased their price objective 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. Finally, JPMorgan Chase & Co. increased their price objective on shares of HSBC from GBX 1,360 to GBX 1,370 and gave the company a “neutral” rating in a research note on Friday.

Insider Buying and Selling

In related news, insider Georges Elhedery bought 842,628 shares of HSBC stock in a transaction dated Monday, March 9th. The stock was purchased at an average cost of GBX 1,282 per share, with a total value of £10,802,490.96. Also, insider Pam Kaur sold 81,967 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60. Insiders have sold a total of 242,798 shares of company stock valued at $308,402,488 over the last three months. Insiders own 0.14% of the company’s stock.

HSBC Stock Performance

LON:HSBA opened at GBX 1,312.20 on Tuesday. The firm has a market cap of £225.02 billion, a price-to-earnings ratio of 10.94, a price-to-earnings-growth ratio of 5.97 and a beta of 0.57. HSBC has a 52 week low of GBX 847 and a 52 week high of GBX 1,410.60. The firm has a 50-day moving average price of GBX 1,279.27 and a two-hundred day moving average price of GBX 1,205.68.

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