HSBC Holdings plc (NYSE:HSBC) Receives $63.00 Average Target Price from Analysts

HSBC Holdings plc (NYSE:HSBCGet Free Report) has been given a consensus recommendation of “Moderate Buy” by the thirteen analysts that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $63.00.

HSBC has been the topic of several research reports. Citigroup reiterated a “buy” rating on shares of HSBC in a research note on Friday, January 9th. Jefferies Financial Group reissued a “hold” rating on shares of HSBC in a report on Friday, October 10th. Morgan Stanley assumed coverage on HSBC in a research note on Wednesday, January 14th. They set an “equal weight” rating for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of HSBC in a research note on Monday, December 29th. Finally, Zacks Research upgraded shares of HSBC from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd.

Get Our Latest Research Report on HSBC

Institutional Investors Weigh In On HSBC

Hedge funds have recently made changes to their positions in the business. Shilanski & Associates Inc. acquired a new position in HSBC during the 3rd quarter valued at about $5,141,000. ABC Arbitrage SA boosted its holdings in shares of HSBC by 237.0% in the second quarter. ABC Arbitrage SA now owns 170,779 shares of the financial services provider’s stock valued at $10,382,000 after acquiring an additional 120,110 shares in the last quarter. Atria Investments Inc increased its stake in shares of HSBC by 78.2% during the second quarter. Atria Investments Inc now owns 9,119 shares of the financial services provider’s stock valued at $554,000 after acquiring an additional 4,002 shares during the period. Dynasty Wealth Management LLC bought a new stake in HSBC during the third quarter worth approximately $1,563,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in HSBC in the second quarter worth approximately $290,000. Institutional investors own 1.48% of the company’s stock.

HSBC News Summary

Here are the key news stories impacting HSBC this week:

HSBC Stock Performance

HSBC stock opened at $87.96 on Thursday. The stock’s 50 day simple moving average is $78.32 and its 200 day simple moving average is $71.08. HSBC has a 12-month low of $45.66 and a 12-month high of $89.00. The firm has a market cap of $302.15 billion, a P/E ratio of 18.52, a P/E/G ratio of 1.02 and a beta of 0.52. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49.

HSBC Company Profile

(Get Free Report)

HSBC Holdings plc (NYSE: HSBC) is a multinational banking and financial services organization headquartered in London. It traces its origins to the Hongkong and Shanghai Banking Corporation, founded in 1865 to facilitate trade between Europe and Asia, and has since grown into one of the world’s largest banking groups. The company is publicly listed in multiple markets, including the London Stock Exchange, the Hong Kong Stock Exchange and as an American depositary receipt on the New York Stock Exchange.

HSBC operates a universal banking model, serving retail, commercial, corporate and institutional clients.

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Analyst Recommendations for HSBC (NYSE:HSBC)

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