HSBC Holdings plc (LON:HSBA) Receives GBX 1,144.17 Average PT from Analysts

HSBC Holdings plc (LON:HSBA) has earned a consensus recommendation of “Hold” from the six ratings firms that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 1,144.17.

Several brokerages have recently weighed in on HSBA. Shore Capital Group restated a “hold” rating and set a GBX 1,070 target price on shares of HSBC in a report on Friday, January 9th. JPMorgan Chase & Co. boosted their price objective on HSBC from GBX 1,060 to GBX 1,190 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Royal Bank Of Canada upped their target price on HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price target on HSBC from GBX 1,050 to GBX 1,200 and gave the stock a “hold” rating in a report on Friday, January 23rd. Finally, Citigroup boosted their price target on shares of HSBC from GBX 1,240 to GBX 1,320 and gave the company a “buy” rating in a research report on Friday, January 9th.

HSBC Trading Up 0.3%

HSBA opened at GBX 1,273.60 on Monday. HSBC has a twelve month low of GBX 698.70 and a twelve month high of GBX 1,322.60. The firm has a market capitalization of £218.63 billion, a PE ratio of 13.41, a PEG ratio of 5.97 and a beta of 0.52. The firm’s 50-day moving average price is GBX 1,219.58 and its 200 day moving average price is GBX 1,087.85.

HSBC Company Profile