Brokerages Set HSBC Holdings plc (LON:HSBA) PT at GBX 980.83

Key Points

• HSBC Holdings plc has received an average rating of "Hold" from six brokerage firms, with four analysts suggesting a hold rating and two a buy rating.
• The average 12-month price target for HSBC shares among analysts is GBX 980.83, with recent adjustments from Royal Bank of Canada and JPMorgan Chase increasing their targets to GBX 950 and GBX 940 respectively.
• The stock opened at GBX 1,019 and has shown a 1-year low of GBX 658.80 and a high of GBX 1,023.27, indicating stability in price movement.

HSBC Holdings plc (LON:HSBA - Get Free Report) has been given a consensus recommendation of "Hold" by the six brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is GBX 980.83.

Several brokerages recently issued reports on HSBA. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 910 price target on shares of HSBC in a research report on Thursday, July 31st. JPMorgan Chase & Co. boosted their price target on HSBC from GBX 870 to GBX 940 and gave the company a "neutral" rating in a research report on Tuesday, September 9th. Royal Bank Of Canada boosted their price target on HSBC from GBX 900 to GBX 950 and gave the company a "sector perform" rating in a research report on Wednesday, August 13th. Finally, Shore Capital reiterated a "hold" rating and set a GBX 980 target price on shares of HSBC in a research report on Wednesday, July 30th.

HSBC Stock Up 0.9%

HSBA stock traded up GBX 9 during trading on Friday, hitting GBX 1,027.80. The company had a trading volume of 64,830,980 shares, compared to its average volume of 24,152,303. The firm has a market cap of £178.00 billion, a PE ratio of 1,017.62, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52. HSBC has a 1-year low of GBX 658.80 and a 1-year high of GBX 1,030.60. The firm has a 50-day moving average price of GBX 957.26 and a 200-day moving average price of GBX 890.12.

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.