HSBC Holdings plc Given Consensus Rating of “Hold” by Brokerages (LON:HSBA)
Shares of HSBC Holdings plc (LON:HSBA) have received a consensus recommendation of “Hold” from the twenty-nine brokerages that are presently covering the company, AR Network reports. Four analysts have rated the stock with a sell recommendation, fourteen have given a hold recommendation and eleven have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 683.59 ($11.43).
HSBC Holdings plc (LON:HSBA) opened at 647.90 on Monday. HSBC Holdings plc has a 52 week low of GBX 585.00 and a 52 week high of GBX 737.00. The stock has a 50-day moving average of GBX 620.0 and a 200-day moving average of GBX 617.6. The company’s market cap is £119.2 billion.
A number of analysts have recently weighed in on HSBA shares. Analysts at Nomura reiterated a “neutral” rating on shares of HSBC Holdings plc in a research note on Thursday, August 14th. 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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