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

HSBC Holdings plc (LON:HSBA) has been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,300.50.

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on HSBC from GBX 1,360 to GBX 1,370 and gave the company a “neutral” rating in a research report on Friday, May 8th. Shore Capital Group raised HSBC to a “hold” rating and increased their price objective for the company from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th. HSBC reissued a “hold” rating and issued a GBX 1,450 price objective on shares of HSBC in a research report on Wednesday, May 6th. Royal Bank Of Canada increased their price objective on HSBC from GBX 1,200 to GBX 1,275 and gave the company a “sector perform” rating in a research report on Thursday, May 14th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,120 price objective on shares of HSBC in a research report on Tuesday, May 5th.

HSBC Stock Up 0.9%

Shares of HSBC stock opened at GBX 1,393.60 on Friday. The stock has a market capitalization of £238.98 billion, a P/E ratio of 11.61, a PEG ratio of 5.97 and a beta of 0.57. The stock has a 50 day moving average price of GBX 1,307.82 and a two-hundred day moving average price of GBX 1,234.87. HSBC has a 12-month low of GBX 859.40 and a 12-month high of GBX 1,416.80.

Insider Activity at HSBC

In other news, insider Georges Elhedery sold 94,749 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total value of £1,212,787.20. Also, insider Pam Kaur acquired 2,345 shares of HSBC stock in a transaction dated Friday, May 22nd. The stock was acquired at an average cost of GBX 1,340 per share, with a total value of £31,423. Insiders sold 242,798 shares of company stock valued at $308,402,488 over the last three months. 0.14% of the stock is owned by company insiders.

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