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

HSBC Holdings plc (LON:HSBA) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 980.83.

A number of brokerages recently issued reports on HSBA. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 910 price target on shares of HSBC in a research note on Thursday, July 31st. Shore Capital reaffirmed a “hold” rating on shares of HSBC in a report on Thursday, October 9th. Royal Bank Of Canada lifted their price objective on shares of HSBC from GBX 900 to GBX 950 and gave the stock a “sector perform” rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of HSBC from GBX 870 to GBX 940 and gave the stock a “neutral” rating in a report on Tuesday, September 9th.

HSBC Trading Down 0.3%

Shares of LON:HSBA opened at GBX 988.80 on Tuesday. The company has a fifty day simple moving average of GBX 988.64 and a 200 day simple moving average of GBX 907.75. The firm has a market cap of £170.51 billion, a PE ratio of 979.01, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. HSBC has a 12-month low of GBX 664.60 and a 12-month high of GBX 1,067.80.

HSBC Company Profile

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.