HSBC Holdings plc (LON:HSBA) Receives Consensus Rating of “Hold” from Brokerages

HSBC Holdings plc (LON:HSBAGet Free Report) has earned a consensus rating of “Hold” from the six brokerages that are covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is GBX 1,144.17.

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

Read Our Latest Research Report on HSBC

HSBC Stock Down 1.7%

HSBC stock opened at GBX 1,175.20 on Friday. The company’s 50-day moving average price is GBX 1,264.28 and its 200-day moving average price is GBX 1,125.57. The company has a market cap of £201.43 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 5.97 and a beta of 0.47. HSBC has a twelve month low of GBX 698.70 and a twelve month high of GBX 1,410.60.

Insider Activity at HSBC

In related news, insider Pam Kaur sold 81,967 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total transaction of £1,049,177.60. Also, insider Georges Elhedery acquired 842,628 shares of the business’s stock in a transaction on Monday, March 9th. The stock was acquired at an average cost of GBX 1,282 per share, for a total transaction of £10,802,490.96. Insiders have sold 242,798 shares of company stock valued at $308,402,488 in the last 90 days. Company insiders own 0.14% of the company’s stock.

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