HSBC Holdings plc Receives Consensus Recommendation of “Hold” from Brokerages (LON:HSBA)
HSBC Holdings plc (LON:HSBA) has been given a consensus rating of “Hold” by the forty brokerages that are covering the stock, StockRatingsNetwork.com reports. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 754.06 ($12.54).
Several analysts have recently commented on the stock. Analysts at Societe Generale reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Tuesday. They now have a GBX 795 ($13.22) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated an “add” rating on shares of HSBC Holdings plc in a research note on Tuesday. They now have a GBX 760 ($12.64) price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of HSBC Holdings plc in a research note on Tuesday. They now have a GBX 780 ($12.97) price target on the stock.
HSBC Holdings plc (LON:HSBA) traded down 1.34% during mid-day trading on Tuesday, hitting GBX 627.20. 19,572,820 shares of the company’s stock traded hands. HSBC Holdings plc has a 1-year low of GBX 618.40 and a 1-year high of GBX 772.50. The stock’s 50-day moving average is GBX 650.2 and its 200-day moving average is GBX 674.0. The company’s market cap is £125.4 billion.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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