HSBC Holdings plc (LON:HSBA – Get Free Report) has been given a consensus recommendation of “Hold” by the eight research firms that are covering the company, Marketbeat reports. Eight research analysts have rated the stock with a hold recommendation. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,394.25.
A number of brokerages have commented on HSBA. Citigroup reduced their target price on shares of HSBC from GBX 1,640 to GBX 1,570 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,120 target price on shares of HSBC in a research note on Tuesday, August 4th. JPMorgan Chase & Co. boosted their price target on shares of HSBC from GBX 1,380 to GBX 1,450 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,520 price objective on shares of HSBC in a report on Wednesday, August 5th. Finally, Royal Bank Of Canada increased their price objective on shares of HSBC from GBX 1,275 to GBX 1,375 and gave the company a “sector perform” rating in a research report on Friday, August 14th.
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