HSBC Holdings plc (LON:HSBA) Receives Consensus Recommendation of "Hold" from Analysts

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.

Shares of HSBC Holdings plc (LON:HSBA - Get Free Report) have been assigned a consensus rating of "Hold" from the six ratings firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is GBX 980.83.

A number of brokerages recently commented on HSBA. Royal Bank Of Canada increased 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. JPMorgan Chase & Co. increased 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. Shore Capital reissued a "hold" rating and issued a GBX 980 price objective on shares of HSBC in a research note on Wednesday, July 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating and issued a GBX 910 price objective on shares of HSBC in a research note on Thursday, July 31st.

HSBC Stock Performance

HSBA traded up GBX 3.80 on Friday, hitting GBX 1,031.60. 15,550,647 shares of the company were exchanged, compared to its average volume of 24,140,998. The business's fifty day moving average is GBX 959.47 and its 200 day moving average is GBX 891. HSBC has a fifty-two week low of GBX 659.30 and a fifty-two week high of GBX 1,031.80. The firm has a market capitalization of £178.66 billion, a P/E ratio of 1,021.39, a price-to-earnings-growth ratio of 5.97 and a beta of 0.52.

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.