HSBC Holdings plc Given Consensus Recommendation of “Hold” by Brokerages (LON:HSBA)
Shares of HSBC Holdings plc (LON:HSBA) have earned a consensus rating of “Hold” from the thirty-four ratings firms that are presently covering the company, AnalystRatings.Net reports. Six research analysts have rated the stock with a sell recommendation, fifteen have assigned a hold recommendation and thirteen have given a buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is GBX 700.52 ($11.79).
HSBC Holdings plc (LON:HSBA) opened at 628.90 on Wednesday. HSBC Holdings plc has a one year low of GBX 587.40 and a one year high of GBX 761.40. The stock’s 50-day moving average is GBX 612. and its 200-day moving average is GBX 638.4. The company’s market cap is £121.4 billion.
A number of research firms have recently commented on HSBA. 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 760 ($12.79) price target on the stock. Separately, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of HSBC Holdings plc in a research note on Friday, May 23rd. They now have a GBX 800 ($13.47) price target on the stock. Finally, analysts at Deutsche Bank cut their price target on shares of HSBC Holdings plc from GBX 670 ($11.28) to GBX 640 ($10.77) in a research note on Friday, May 23rd. They now have a “hold” rating on the stock.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.