HSBC Holdings plc (LON:HSBA) Receives GBX 1,074.17 Consensus Price Target from Brokerages

Shares of HSBC Holdings plc (LON:HSBA) have been assigned an average rating of “Hold” from the six research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,122.50.

Several equities analysts have recently commented on HSBA shares. JPMorgan Chase & Co. boosted their price objective on HSBC from GBX 1,010 to GBX 1,060 and gave the company a “neutral” rating in a research report on Tuesday, December 2nd. Shore Capital reissued a “hold” rating and issued a GBX 1,070 price target on shares of HSBC in a report on Friday, January 9th. Citigroup upped their price target on HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a research note on Friday, January 9th. Royal Bank Of Canada lifted their price objective on shares of HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a research report on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of HSBC from GBX 1,050 to GBX 1,200 and gave the stock a “hold” rating in a report on Friday.

HSBC Price Performance

LON:HSBA opened at GBX 1,264.80 on Thursday. HSBC has a one year low of GBX 698.70 and a one year high of GBX 1,279.80. The business has a fifty day moving average price of GBX 1,145.46 and a 200-day moving average price of GBX 1,047.57. The firm has a market capitalization of £217.11 billion, a price-to-earnings ratio of 13.31, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.

About HSBC