HSBC Holdings plc (LON:HSBA) Receives GBX 1,060.83 Average Price Target from Analysts

Shares of HSBC Holdings plc (LON:HSBA) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 1,060.83.

A number of research firms have issued reports on HSBA. Royal Bank Of Canada raised their target price on HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a research report on Thursday, October 30th. Citigroup increased their price target on HSBC from GBX 1,160 to GBX 1,240 and gave the stock a “buy” rating in a research note on Wednesday, October 29th. 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 note on Tuesday, December 2nd. Finally, Shore Capital reiterated a “hold” rating and set a GBX 1,070 target price on shares of HSBC in a research report on Wednesday, December 3rd.

HSBC Stock Down 0.2%

Shares of HSBA stock opened at GBX 1,173.80 on Friday. The firm has a market cap of £201.49 billion, a P/E ratio of 12.36, a PEG ratio of 5.97 and a beta of 0.52. The company has a 50 day moving average of GBX 1,096.56 and a 200-day moving average of GBX 1,005.68. HSBC has a 12-month low of GBX 698.70 and a 12-month high of GBX 1,181.20.

HSBC Company Profile