Brokerages Set HSBC Holdings plc (LON:HSBA) Target Price at GBX 1,394.25

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

A number of equities analysts recently commented on HSBA shares. JPMorgan Chase & Co. raised their target price on HSBC from GBX 1,380 to GBX 1,450 and gave the stock a “neutral” rating in a report on Friday, August 7th. Jefferies Financial Group reissued a “hold” rating and set a GBX 1,120 price target on shares of HSBC in a report on Tuesday, August 4th. Citigroup reduced their price target on HSBC from GBX 1,640 to GBX 1,570 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Royal Bank Of Canada upped their price target on shares of HSBC from GBX 1,275 to GBX 1,375 and gave the stock a “sector perform” rating in a research report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,520 price objective on shares of HSBC in a research note on Wednesday, August 5th.

HSBC Trading Down 1.6%

HSBA opened at GBX 1,549.20 on Monday. HSBC has a 1-year low of GBX 959.29 and a 1-year high of GBX 1,610. The company has a market capitalization of £265.39 billion, a PE ratio of 11.07, a PEG ratio of 5.97 and a beta of 0.58. The firm’s 50 day simple moving average is GBX 1,519.04 and its two-hundred day simple moving average is GBX 1,392.36.

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