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

HSBC Holdings plc (LON:HSBAGet Rating) has been given an average rating of “Moderate Buy” by the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is GBX 656.90 ($7.77).

HSBA has been the subject of a number of recent research reports. UBS Group set a GBX 700 ($8.28) price objective on shares of HSBC in a research report on Monday. Deutsche Bank Aktiengesellschaft set a GBX 650 ($7.69) price objective on shares of HSBC in a research report on Thursday, October 27th. Citigroup reissued a “buy” rating and set a GBX 700 ($8.28) target price on shares of HSBC in a research note on Monday, August 8th. Shore Capital reissued a “buy” rating on shares of HSBC in a research note on Tuesday, October 25th. Finally, Credit Suisse Group set a GBX 585 ($6.92) target price on shares of HSBC in a research note on Wednesday, November 9th.

Insider Transactions at HSBC

In related news, insider Ewen Stevenson purchased 40,025 shares of HSBC stock in a transaction dated Monday, November 21st. The stock was bought at an average cost of GBX 479 ($5.66) per share, with a total value of £191,719.75 ($226,699.48).

HSBC Stock Down 0.2 %

Shares of LON:HSBA opened at GBX 488.60 ($5.78) on Friday. HSBC has a fifty-two week low of GBX 409.85 ($4.85) and a fifty-two week high of GBX 567.20 ($6.71). The firm has a 50-day simple moving average of GBX 478.50 and a 200 day simple moving average of GBX 509.15. The company has a market cap of £97.56 billion and a PE ratio of 979.00.

About HSBC

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HSBC Holdings plc provides banking and financial services worldwide. The company operates through Wealth and Personal Banking, Commercial Banking, and Global Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services comprising insurance and investment products, global asset management services, investment management, and private wealth solutions.

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Analyst Recommendations for HSBC (LON:HSBA)

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