HSBC Receives Average Recommendation of “Buy” from Analysts (NYSE:HBC)
HSBC (NYSE:HBC) has been given an average recommendation of “Buy” by the twenty-six analysts that are currently covering the company, AnalystRatingsNetwork reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation, fourteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $450.00.
A number of research firms have recently commented on HBC. Analysts at Nomura reiterated a “neutral” rating on shares of HSBC in a research note to investors on Tuesday. Separately, analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC in a research note to investors on Monday. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC in a research note to investors on Friday, January 31st.
HSBC Holdings plc is a banking and financial services organization. It serves around 89 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking.
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