HSBC Holdings plc (LON:HSBA) Receives GBX 656.67 Average Price Target from Analysts
HSBC Holdings plc (LON:HSBA) has been given an average rating of “Hold” by the seventeen research firms that are currently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 656.67 ($8.58).
HSBA has been the topic of several recent analyst reports. Jefferies Financial Group reiterated a “buy” rating on shares of HSBC in a report on Tuesday, April 9th. Morgan Stanley set a GBX 740 ($9.67) price objective on shares of HSBC and gave the stock a “buy” rating in a report on Monday, May 13th. Goldman Sachs Group upgraded shares of HSBC to a “buy” rating and boosted their price objective for the stock from GBX 805 ($10.52) to GBX 925 ($12.09) in a report on Thursday, May 23rd. Shore Capital restated a “hold” rating on shares of HSBC in a report on Friday, May 3rd. Finally, Credit Suisse Group restated a “neutral” rating and set a GBX 670 ($8.75) price objective on shares of HSBC in a report on Friday, May 3rd.
Shares of HSBA opened at GBX 667.50 ($8.72) on Friday. The company has a market cap of $135.08 billion and a P/E ratio of 9.67. HSBC has a one year low of GBX 596.40 ($7.79) and a one year high of GBX 736 ($9.62). The stock has a fifty day moving average price of GBX 655.16.
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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