HSBC Holdings plc (LON:HSBA) Given Average Rating of “Hold” by Brokerages

HSBC Holdings plc (LON:HSBA) has been given an average rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 1,381.75.

Several equities research analysts have recently commented on the company. Royal Bank Of Canada upped their price target on HSBC from GBX 1,200 to GBX 1,275 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. Shore Capital Group upgraded shares of HSBC to a “hold” rating and lifted their price objective for the company from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,520 price objective on shares of HSBC in a research note on Wednesday, August 5th. Citigroup cut their price objective on shares of HSBC from GBX 1,640 to GBX 1,570 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Finally, UBS Group reissued a “neutral” rating and set a GBX 1,419 price target on shares of HSBC in a report on Tuesday, May 5th.

Insider Transactions at HSBC

In other HSBC news, insider Pam Kaur bought 2,345 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were bought at an average price of GBX 1,340 per share, for a total transaction of £31,423. Insiders own 0.14% of the company’s stock.

HSBC Trading Up 0.2%

HSBC stock opened at GBX 1,541.20 on Thursday. HSBC has a twelve month low of GBX 928.10 and a twelve month high of GBX 1,610. The stock has a 50 day moving average of GBX 1,465.09 and a two-hundred day moving average of GBX 1,356.41. The stock has a market capitalization of £264.29 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 5.97 and a beta of 0.58.

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