HSBC Holdings plc (LON:HSBA) receives a medium “hold” recommendation from analysts

Shares of HSBC Holdings plc (LON:HSBA – Get Rating) have earned an average rating of “Hold” from the twelve ratings companies that currently cover the stock, MarketBeat.com reports. Four research analysts rated the stock with a holding rating. The 12-month average price target among analysts who have updated their coverage of the stock over the past year is 609.40 GBX ($7.25).

HSBA has been the subject of several research analyst reports. Deutsche Bank Rese… set a target price of 570 GBX ($6.78) on HSBC shares in a Monday, May 30 report. Deutsche Bank Aktiengesellschaft raised its price target on HSBC shares from 500 GBX ($5.95) to 570 GBX ($6.78) and gave the company a ‘holding’ rating in a Monday report May 30. Royal Bank of Canada set a price target of 590 GBX ($7.02) on HSBC shares in a Friday, July 1 report. Morgan Stanley reiterated an “equal weight” rating on HSBC shares in a Wednesday, May 11 report. Finally, JPMorgan Chase & Co. set a price target of 550 GBX ($6.54) on HSBC shares in a Monday, July 4 report.

Performance of HSBC shares

Shares of HSBA opened at 513.90 GBX ($6.11) on Friday. The company has a market capitalization of £103.03 billion and a P/E ratio of 1,070.63. The company’s 50-day rolling average price is 520.39 GBX and its two-hundred-day rolling average price is 514.68 GBX. HSBC has a 52-week low of 358.45 GBX ($4.26) and a 52-week high of 567.20 GBX ($6.75).

Insider activity

A d Place of investors Media

$180 Oil Is Coming – Here’s How To Prepare

Goldman Sachs thinks oil could rise above $200 a barrel, pushing good oil stocks up 10 or even 20 times. Buy this oil set to get ready.

In other HSBC news, insider Carolyn Fairbairn bought 15,000 HSBC shares in a trade dated Tuesday, May 17. The share was bought at an average price of 501 GBX ($5.96) per share, with a total value of £75,150 ($89,379.16).

HSBC Company Profile

(Get a rating)

HSBC Holdings plc provides banking and financial services worldwide. The Company operates through Wealth and Personal Banking, Commercial Banking and World Banking and Markets segments. The Wealth and Personal Banking segment offers retail banking and wealth management products, including current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services ; and wealth management services including insurance and investment products, global asset management services, investment management and private wealth management solutions.

Recommended Stories

Analyst recommendations for HSBC (LON:HSBA)

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in HSBC right now?

Before you consider HSBC, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and HSBC wasn’t on the list.

Although HSBC currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Comments are closed.