Analysts Set HSBC Holdings plc (LON:HSBA) Target Price at GBX 1,144.17

HSBC Holdings plc (LON:HSBA) has been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 1,144.17.

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of HSBC from GBX 1,060 to GBX 1,190 and gave the stock a “neutral” rating in a research report on Thursday, February 5th. Shore Capital Group restated a “hold” rating and issued a GBX 1,070 price objective on shares of HSBC in a research note on Friday, January 9th. Deutsche Bank Aktiengesellschaft raised their target price on HSBC from GBX 1,050 to GBX 1,200 and gave the stock a “hold” rating in a report on Friday, January 23rd. Royal Bank Of Canada boosted their price target on HSBC from GBX 950 to GBX 1,050 and gave the company a “sector perform” rating in a report on Thursday, October 30th. Finally, Citigroup raised their price objective on HSBC from GBX 1,240 to GBX 1,320 and gave the stock a “buy” rating in a research note on Friday, January 9th.

HSBC Stock Up 0.7%

LON HSBA opened at GBX 1,290 on Monday. The company has a 50-day moving average price of GBX 1,226.52 and a 200-day moving average price of GBX 1,091.74. HSBC has a 52 week low of GBX 698.70 and a 52 week high of GBX 1,322.60. The firm has a market capitalization of £221.44 billion, a P/E ratio of 13.58, a PEG ratio of 5.97 and a beta of 0.52.

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