HSBC Holdings plc (LON:HSBA – Get Free Report) has received a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 1,403.
Several brokerages have weighed in on HSBA. Royal Bank Of Canada lifted their price objective on HSBC from GBX 1,275 to GBX 1,375 and gave the company a “sector perform” rating in a report on Friday, August 14th. Citigroup increased their target price on HSBC from GBX 1,570 to GBX 1,640 and gave the stock a “neutral” rating in a report on Wednesday, September 23rd. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,120 price target on shares of HSBC in a research report on Tuesday, October 27th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,520 price target on shares of HSBC in a research note on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upped their price objective on shares of HSBC from GBX 1,380 to GBX 1,450 and gave the stock a “neutral” rating in a research report on Friday, August 7th.
View Our Latest Analysis on HSBC
Insider Activity
In other news, insider Elizabeth Alison Platt acquired 12,338 shares of the firm’s stock in a transaction that occurred on Thursday, October 29th. The shares were acquired at an average cost of GBX 1,297 per share, with a total value of £160,023.86. Corporate insiders own 0.14% of the company’s stock.
HSBC Price Performance
Shares of LON:HSBA opened at GBX 1,274 on Tuesday. The business’s 50 day simple moving average is GBX 1,465.79 and its 200 day simple moving average is GBX 1,384.04. HSBC has a 1 year low of GBX 1,027.80 and a 1 year high of GBX 1,610. The company has a market capitalization of £217.94 billion, a P/E ratio of 9.10, a P/E/G ratio of 5.97 and a beta of 0.58.
HSBC Company Profile
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