HSBC Holdings plc (LON:HSBA) Receives Average Rating of “Hold” from Brokerages

Shares of HSBC Holdings plc (LON:HSBA) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is GBX 1,045.83.

A number of research analysts have recently issued reports on the company. Shore Capital reiterated a “hold” rating on shares of HSBC in a research report on Tuesday, October 28th. Citigroup boosted their price target on shares of HSBC from GBX 1,160 to GBX 1,240 and gave the stock a “buy” rating in a report on Wednesday, October 29th. Royal Bank Of Canada upped their price objective on shares of HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a research report on Tuesday.

HSBC Trading Up 0.7%

HSBC stock opened at GBX 1,087.34 on Wednesday. The firm has a market cap of £186.94 billion, a PE ratio of 11.45, a P/E/G ratio of 5.97 and a beta of 0.52. HSBC has a 12 month low of GBX 698.70 and a 12 month high of GBX 1,126.20. The stock’s 50 day simple moving average is GBX 1,045.63 and its two-hundred day simple moving average is GBX 967.73.

About HSBC

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.