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

Shares of HSBC Holdings plc (LON:HSBA) have earned an average recommendation of “Hold” from the six brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is GBX 980.83.

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

HSBC Stock Performance

LON HSBA opened at GBX 988.80 on Tuesday. The firm has a market capitalization of £170.51 billion, a price-to-earnings ratio of 979.01, a PEG ratio of 5.97 and a beta of 0.52. The company’s 50 day moving average price is GBX 988.64 and its 200 day moving average price is GBX 907.75. HSBC has a one year low of GBX 664.60 and a one year 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.