HSBC Holdings plc (LON:HSBA) has been given a consensus recommendation of “Hold” by the twenty-four ratings firms that are covering the stock. Four investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 516.76 ($6.30).
HSBA has been the subject of several research analyst reports. Societe Generale reiterated a “buy” rating and set a GBX 510 ($6.22) target price on shares of HSBC Holdings plc in a research report on Friday, September 9th. BNP Paribas reiterated a “neutral” rating and set a GBX 540 ($6.58) target price on shares of HSBC Holdings plc in a research report on Tuesday, October 4th. Morgan Stanley lifted their target price on shares of HSBC Holdings plc from GBX 438 ($5.34) to GBX 450 ($5.48) and gave the company an “underweight” rating in a research report on Thursday, October 6th. Deutsche Bank AG reiterated a “hold” rating and set a GBX 525 ($6.40) target price on shares of HSBC Holdings plc in a research report on Tuesday, September 6th. Finally, Barclays PLC reiterated an “equal weight” rating and set a GBX 550 ($6.70) target price on shares of HSBC Holdings plc in a research report on Thursday, October 6th.
In related news, insider Evans,Lord acquired 1,754 shares of the firm’s stock in a transaction dated Wednesday, August 31st. The stock was purchased at an average cost of GBX 566 ($6.90) per share, with a total value of £9,927.64 ($12,099.50).
HSBC Holdings plc (LON:HSBA) opened at 613.60 on Thursday. The company’s market capitalization is GBX 109.46 billion. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 626.30. The company’s 50-day moving average is GBX 583.32 and its 200 day moving average is GBX 495.58.