HSBC Holdings plc (LON:HSBA) Receives GBX 1,381.75 Consensus Price Target from Analysts

HSBC Holdings plc (LON:HSBA) has earned an average rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 1,394.25.

HSBA has been the topic of a number of recent analyst reports. Shore Capital Group upgraded HSBC to a “hold” rating and lifted their target price for the company from GBX 1,210 to GBX 1,250 in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,520 price target on shares of HSBC in a research note on Wednesday, August 5th. UBS Group restated a “neutral” rating and issued a GBX 1,419 target price on shares of HSBC in a report on Tuesday, May 5th. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,120 target price on shares of HSBC in a research report on Tuesday, August 4th. Finally, Citigroup lowered their price target on shares of HSBC from GBX 1,640 to GBX 1,570 and set a “neutral” rating on the stock in a report on Wednesday, August 5th.

HSBC Price Performance

Shares of LON HSBA opened at GBX 1,535.62 on Thursday. The stock has a market capitalization of £263.33 billion, a PE ratio of 12.69, a P/E/G ratio of 5.97 and a beta of 0.58. The business has a fifty day moving average price of GBX 1,474.82 and a two-hundred day moving average price of GBX 1,362.26. HSBC has a fifty-two week low of GBX 928.10 and a fifty-two week high of GBX 1,610.

Insider Activity

In related news, insider Pam Kaur purchased 2,345 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was purchased at an average cost of GBX 1,340 per share, with a total value of £31,423. 0.14% of the stock is currently owned by corporate insiders.

HSBC Company Profile