HSBC Holdings plc (LON:HSBA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of HSBC Holdings plc (LON:HSBA) have been assigned a consensus recommendation of “Hold” from the six analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is GBX 1,060.83.

Several research firms have recently commented on HSBA. Citigroup boosted their price target on shares of HSBC from GBX 1,160 to GBX 1,240 and gave the company a “buy” rating in a report on Wednesday, October 29th. JPMorgan Chase & Co. lifted 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 reaffirmed a “hold” rating and issued a GBX 1,070 target price on shares of HSBC in a research report on Wednesday, December 3rd. Finally, Royal Bank Of Canada raised their price target on HSBC from GBX 950 to GBX 1,050 and gave the stock a “sector perform” rating in a research note on Thursday, October 30th.

HSBC Stock Performance

Shares of HSBA opened at GBX 1,057.40 on Wednesday. The company has a market capitalization of £181.51 billion, a PE ratio of 11.13, a PEG ratio of 5.97 and a beta of 0.52. The company’s 50 day moving average price is GBX 1,047.81 and its 200 day moving average price is GBX 971.66. HSBC has a 52 week low of GBX 698.70 and a 52 week high of GBX 1,126.20.

About HSBC

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.