Analysts Set HSBC Holdings plc (LON:HSBA) Price Target at GBX 1,300.50

HSBC Holdings plc (LON:HSBA – Get Free Report) has earned a consensus recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,300.50.

Several analysts recently issued reports on the company. HSBC reissued a “hold” rating and issued a GBX 1,450 target price on shares of HSBC in a research note on Wednesday, May 6th. Shore Capital Group raised 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. Jefferies Financial Group reissued a “hold” rating and issued a GBX 1,120 price target on shares of HSBC in a research report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on HSBC from GBX 1,360 to GBX 1,370 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, UBS Group reissued a “neutral” rating and issued a GBX 1,419 price target on shares of HSBC in a research report on Tuesday, May 5th.

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HSBC Price Performance

LON HSBA opened at GBX 1,395.20 on Friday. The stock has a market capitalization of £239.25 billion, a PE ratio of 11.63, a PEG ratio of 5.97 and a beta of 0.57. HSBC has a 1 year low of GBX 859.40 and a 1 year high of GBX 1,416.80. The business’s 50-day moving average is GBX 1,321.47 and its 200 day moving average is GBX 1,241.88.

Insider Buying and Selling

In other news, insider Georges Elhedery sold 94,749 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of GBX 1,280, for a total value of £1,212,787.20. Also, insider Pam Kaur bought 2,345 shares of HSBC stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of GBX 1,340 per share, with a total value of £31,423. Over the last three months, insiders sold 242,798 shares of company stock worth $308,402,488. Insiders own 0.14% of the company’s stock.

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