HSBC Given Average Recommendation of “Hold” by Brokerages (NYSE:HBC)
Shares of HSBC (NYSE:HBC) have received an average recommendation of “Hold” from the twenty-one ratings firms that are presently covering the company, StockRatingsNetwork.com reports. Two investment analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $60.00.
HBC has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of HSBC in a research note on Monday, July 21st. Separately, analysts at Canaccord Genuity reiterated a “buy” rating on shares of HSBC in a research note on Monday, July 21st. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of HSBC in a research note on Thursday, July 17th.
HSBC Holdings plc (NYSE:HBC) is a global banking and financial services organizations.
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