HSBC Holdings plc (LON:HSBA) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of HSBC Holdings plc (LON:HSBA) have received a consensus rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,060.83.

A number of research analysts recently commented on HSBA shares. JPMorgan Chase & Co. increased their price target on HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a report on Tuesday, December 2nd. Shore Capital restated a “hold” rating and issued a GBX 1,070 price target on shares of HSBC in a research report on Wednesday, December 3rd. Royal Bank Of Canada raised their price target on HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a report on Thursday, October 30th. Finally, Citigroup boosted their target price on shares of HSBC from GBX 1,160 to GBX 1,240 and gave the company a “buy” rating in a research note on Wednesday, October 29th.

HSBC Trading Up 0.0%

HSBA opened at GBX 1,175.40 on Friday. HSBC has a twelve month low of GBX 698.70 and a twelve month high of GBX 1,179.40. The firm has a market cap of £201.77 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 5.97 and a beta of 0.52. The company has a fifty day simple moving average of GBX 1,081.60 and a 200 day simple moving average of GBX 998.22.

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