Brokerages Set HSBC Holdings plc (LON:HSBA) Price Target at GBX 969.17

Key Points

• HSBC Holdings plc received an average consensus rating of "Hold" from six brokerages, with four analysts recommending a hold and two a buy.
• The average twelve-month price objective for HSBC shares among brokers is GBX 969.17, indicating a stable outlook.
• HSBC stock is currently trading at GBX 967.30, with a market capitalization of £215.96 billion and a price-to-earnings ratio of 9.30.

HSBC Holdings plc (LON:HSBA - Get Free Report) has been given a consensus rating of "Hold" by the six research firms that are covering the company, MarketBeat reports. Four equities 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 brokerages that have issued a report on the stock in the last year is GBX 969.17.

Several analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of HSBC from GBX 900 to GBX 950 and gave the stock a "sector perform" rating in a research note on Wednesday, August 13th. 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. 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of HSBC from GBX 830 to GBX 870 and gave the stock a "neutral" rating in a research note on Monday, August 4th.

HSBC Stock Performance

LON HSBA traded down GBX 9.10 during trading on Monday, hitting GBX 946.70. The stock had a trading volume of 21,981,826 shares, compared to its average volume of 24,250,189. The stock has a market capitalization of £164.83 billion, a price-to-earnings ratio of 937.33, a P/E/G ratio of 5.97 and a beta of 0.52. HSBC has a one year low of GBX 645.50 and a one year high of GBX 978.79. The stock has a 50 day simple moving average of GBX 927.73 and a 200 day simple moving average of GBX 880.65.

About HSBC

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.