HSBC Holdings plc (LON:HSBA) Given Average Rating of “Hold” by Analysts

HSBC Holdings plc (LON:HSBA) has been given an average recommendation of “Hold” by the eight brokerages that are currently covering the firm, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 1,300.50.

A number of research analysts recently weighed in on HSBA shares. Royal Bank Of Canada lifted their price objective on shares of HSBC from GBX 1,200 to GBX 1,275 and gave the company a “sector perform” rating in a report on Thursday, May 14th. UBS Group reiterated a “neutral” rating and issued a GBX 1,419 price target on shares of HSBC in a report on Tuesday, May 5th. Shore Capital Group raised shares of HSBC to a “hold” rating and raised their price target for the stock from GBX 1,210 to GBX 1,250 in a research note on Thursday, May 7th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,120 price objective on shares of HSBC in a report on Tuesday, May 5th. Finally, HSBC restated a “hold” rating and issued a GBX 1,450 price target on shares of HSBC in a report on Wednesday, May 6th.

Insider Activity

In related news, insider Pam Kaur purchased 2,345 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average price of GBX 1,340 per share, for a total transaction of £31,423. Company insiders own 0.14% of the company’s stock.

HSBC Price Performance

Shares of HSBA opened at GBX 1,442.40 on Wednesday. The stock has a market cap of £247.35 billion, a PE ratio of 11.92, a P/E/G ratio of 5.97 and a beta of 0.58. The firm has a 50-day simple moving average of GBX 1,357.31 and a two-hundred day simple moving average of GBX 1,273.27. HSBC has a 1-year low of GBX 867.20 and a 1-year high of GBX 1,653.40.

HSBC Company Profile