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

Shares of HSBC Holdings plc (LON:HSBA – Get Free Report) have received a consensus rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is GBX 1,301.75.

HSBA has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised HSBC to a “neutral” rating and lifted their price objective for the company from GBX 1,370 to GBX 1,380 in a research report on Tuesday, July 21st. UBS Group reissued a “neutral” rating and issued a GBX 1,419 target price on shares of HSBC in a report on Tuesday, May 5th. Royal Bank Of Canada raised their target price on shares of 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 raised shares of HSBC to a “hold” rating and lifted their price target for the company from GBX 1,210 to GBX 1,250 in a report on Thursday, May 7th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a GBX 1,120 price target on shares of HSBC in a research report on Tuesday, May 5th.

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Insider Buying and Selling at HSBC

In other news, insider Pam Kaur bought 2,345 shares of the stock in a transaction that occurred 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. Company insiders own 0.14% of the company’s stock.

HSBC Stock Performance

LON:HSBA opened at GBX 1,552.80 on Friday. The stock has a 50-day simple moving average of GBX 1,419.45 and a two-hundred day simple moving average of GBX 1,325.18. The firm has a market capitalization of £266.28 billion, a PE ratio of 12.83, a P/E/G ratio of 5.97 and a beta of 0.56. HSBC has a 52-week low of GBX 908.97 and a 52-week high of GBX 1,552.80.

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