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

Shares of HSBC Holdings plc (LON:HSBAGet Free Report) have been given an average recommendation of “Hold” by the eight research firms that are covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,394.25.

A number of research analysts have issued reports on HSBA shares. Royal Bank Of Canada increased their target price on shares of HSBC from GBX 1,275 to GBX 1,375 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Shore Capital Group upgraded shares of HSBC to a “hold” rating and lifted their price target for the company from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,520 price target on shares of HSBC in a research note on Wednesday, August 5th. JPMorgan Chase & Co. increased their price target on HSBC from GBX 1,380 to GBX 1,450 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group restated a “hold” rating and set a GBX 1,120 price objective on shares of HSBC in a research note on Tuesday, August 4th.

Read Our Latest Stock Report on HSBA

HSBC Stock Performance

LON:HSBA opened at GBX 1,501.80 on Thursday. HSBC has a 52 week low of GBX 942.80 and a 52 week high of GBX 1,610. The firm has a market cap of £257.53 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 5.97 and a beta of 0.58. The firm’s 50-day simple moving average is GBX 1,482.96 and its 200 day simple moving average is GBX 1,365.54.

Insider Activity

In related news, insider Pam Kaur purchased 2,345 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average price 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

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Analyst Recommendations for HSBC (LON:HSBA)

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