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

HSBC Holdings plc (LON:HSBA) has been assigned an average recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,074.17.

HSBA has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a research report on Friday, January 9th. Royal Bank Of Canada upped their price target on HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. JPMorgan Chase & Co. lifted their price objective on HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Finally, Shore Capital reiterated a “hold” rating and set a GBX 1,070 price objective on shares of HSBC in a research note on Friday, January 9th.

HSBC Trading Up 1.4%

Shares of LON HSBA opened at GBX 1,248.60 on Thursday. The firm has a 50 day moving average of GBX 1,137.34 and a 200 day moving average of GBX 1,039.50. The firm has a market capitalization of £214.33 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth 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 1,249.60.

HSBC Company Profile