HSBC Holdings plc (LON:HSBA) Receives GBX 1,037.50 Average PT from Analysts

Shares of HSBC Holdings plc (LON:HSBA) have been given an average recommendation of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 1,037.50.

A number of equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 910 target price on shares of HSBC in a research report on Thursday, July 31st. Shore Capital restated a “hold” rating on shares of HSBC in a research note on Tuesday, October 28th. Royal Bank Of Canada raised their target price on shares of HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a research note on Thursday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of HSBC from GBX 950 to GBX 1,010 and gave the stock a “neutral” rating in a report on Thursday, October 30th. Finally, Citigroup boosted their target price on shares of HSBC from GBX 1,160 to GBX 1,240 and gave the stock a “buy” rating in a research report on Wednesday, October 29th.

HSBC Stock Performance

Shares of LON HSBA opened at GBX 1,104.40 on Friday. The business’s 50-day simple moving average is GBX 1,032.87 and its 200-day simple moving average is GBX 949.05. HSBC has a 52 week low of GBX 698.70 and a 52 week high of GBX 1,126.20. The firm has a market cap of £189.88 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 5.97 and a beta of 0.52.

About HSBC

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.