HSBC Holdings plc Receives Average Recommendation of “Hold” from Brokerages (LON:HSBA)
Shares of HSBC Holdings plc (LON:HSBA) have earned a consensus rating of “Hold” from the twenty-nine brokerages that are currently covering the company, AnalystRatingsNetwork.com reports. Four research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 683.59 ($11.43).
HSBC Holdings plc (LON:HSBA) traded up 0.26% during mid-day trading on Monday, hitting GBX 645.20. 12,511,360 shares of the company’s stock traded hands. HSBC Holdings plc has a 52-week low of GBX 585.00 and a 52-week high of GBX 737.00. The stock’s 50-day moving average is GBX 614. and its 200-day moving average is GBX 617.3. The company’s market cap is £118.7 billion.
HSBA has been the subject of a number of recent research reports. Analysts at Nomura reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note on Thursday. They now have a GBX 705 ($11.79) 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 Tuesday, August 12th. They now have a GBX 800 ($13.37) price target on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Friday, August 8th. They now have a GBX 790 ($13.21) price target on the stock.
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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