HSBC Holdings plc (LON:HSBA) has been given an average rating of “Hold” by the seventeen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is GBX 734.46 ($10.15).
HSBA has been the topic of several recent research reports. Credit Suisse Group reiterated an “underperform” rating and set a GBX 650 ($8.98) target price on shares of HSBC in a report on Friday, November 3rd. Citigroup reiterated a “buy” rating on shares of HSBC in a report on Wednesday, December 6th. Jefferies Group reiterated a “buy” rating on shares of HSBC in a report on Monday, December 18th. Deutsche Bank reiterated a “hold” rating and set a GBX 737 ($10.18) target price on shares of HSBC in a report on Tuesday, October 24th. Finally, UBS Group set a GBX 725 ($10.02) target price on shares of HSBC and gave the stock a “neutral” rating in a report on Monday, January 15th.
In other news, insider Laura May Lung Cha purchased 8,000 shares of the stock in a transaction dated Tuesday, January 23rd. The shares were acquired at an average cost of GBX 6,210 ($85.80) per share, for a total transaction of £496,800 ($686,377.45).
HSBC (HSBA) opened at GBX 760.50 ($10.51) on Tuesday. HSBC has a 1-year low of GBX 518.17 ($7.16) and a 1-year high of GBX 798.60 ($11.03). The stock has a market cap of $150,310.00 and a PE ratio of 3,802.50.
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HSBC Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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