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

Shares of HSBC Holdings plc (LON:HSBAGet Free Report) have been assigned an average recommendation of “Hold” from the six analysts that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 1,186.67.

HSBA has been the subject of several recent research reports. Citigroup raised their target price on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a report on Friday, January 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on HSBC from GBX 1,050 to GBX 1,200 and gave the company a “hold” rating in a research note on Friday, January 23rd. JPMorgan Chase & Co. boosted their price objective on HSBC from GBX 1,190 to GBX 1,360 and gave the company a “neutral” rating in a report on Tuesday, March 17th. Shore Capital Group restated a “hold” rating and issued a GBX 1,070 target price on shares of HSBC in a research note on Friday, January 9th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,120 target price on shares of HSBC in a report on Tuesday.

View Our Latest Research Report on HSBA

HSBC Trading Down 4.7%

Shares of LON HSBA opened at GBX 1,279.60 on Tuesday. The company has a 50 day simple moving average of GBX 1,280.43 and a two-hundred day simple moving average of GBX 1,193.77. The stock has a market cap of £219.43 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 5.97 and a beta of 0.56. HSBC has a 12 month low of GBX 833.40 and a 12 month high of GBX 1,410.60.

Insiders Place Their Bets

In other HSBC news, insider Pam Kaur sold 81,967 shares of the company’s stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total value of £1,049,177.60. Also, insider Georges Elhedery sold 94,749 shares of the stock in a transaction dated Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total transaction of £1,212,787.20. Insiders have sold 242,798 shares of company stock worth $308,402,488 over the last three months. 0.14% of the stock is currently owned by insiders.

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Analyst Recommendations for HSBC (LON:HSBA)

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