HSBC Holdings plc (LON:HSBA – Get Free Report) has earned an average rating of “Hold” from the eight research firms that are currently covering the firm, MarketBeat.com 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 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,300.50.
A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of HSBC from GBX 1,360 to GBX 1,370 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Royal Bank Of Canada upped their target price 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 reaffirmed a “neutral” rating and issued a GBX 1,419 target price on shares of HSBC in a report on Tuesday, May 5th. Jefferies Financial Group reiterated a “hold” rating and set a GBX 1,120 target price on shares of HSBC in a research note on Tuesday, May 5th. Finally, Shore Capital Group raised HSBC to a “hold” rating and raised their price target for the stock from GBX 1,210 to GBX 1,250 in a report on Thursday, May 7th.
Read Our Latest Report on HSBC
Insider Buying and Selling at HSBC
HSBC Price Performance
Shares of HSBC stock opened at GBX 1,479.27 on Friday. The firm’s fifty day simple moving average is GBX 1,400.81 and its 200-day simple moving average is GBX 1,313.27. The stock has a market capitalization of £253.67 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 5.97 and a beta of 0.56. HSBC has a 12 month low of GBX 908.97 and a 12 month high of GBX 1,653.40.
HSBC Company Profile
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