HSBC Holdings plc (LON:HSBA) Given Consensus Recommendation of “Hold” by Brokerages

Shares of HSBC Holdings plc (LON:HSBA) have received an average recommendation of “Hold” from the eight analysts that are covering the firm, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is GBX 1,300.50.

Several research analysts have commented on the stock. Jefferies Financial Group restated a “hold” rating and issued a GBX 1,120 price objective on shares of HSBC in a report on Tuesday, May 5th. UBS Group reiterated a “neutral” rating and issued a GBX 1,419 price target on shares of HSBC in a research note on Tuesday, May 5th. JPMorgan Chase & Co. increased their price target on shares of HSBC from GBX 1,360 to GBX 1,370 and gave the stock a “neutral” rating in a research note on Friday, May 8th. HSBC reissued a “hold” rating and set a GBX 1,450 price objective on shares of HSBC in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada increased their price objective on shares of HSBC from GBX 1,200 to GBX 1,275 and gave the company a “sector perform” rating in a research report on Thursday, May 14th.

HSBC Stock Down 0.6%

LON:HSBA opened at GBX 1,359.15 on Friday. The company has a fifty day moving average of GBX 1,328.26 and a 200 day moving average of GBX 1,244.54. HSBC has a 52 week low of GBX 859.40 and a 52 week high of GBX 1,416.80. The firm has a market capitalization of £233.07 billion, a P/E ratio of 11.33, a P/E/G ratio of 5.97 and a beta of 0.58.

Insider Transactions at HSBC

In related news, insider Georges Elhedery sold 94,749 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of GBX 1,280, for a total value of £1,212,787.20. Also, insider Pam Kaur acquired 2,345 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was acquired at an average cost of GBX 1,340 per share, for a total transaction of £31,423. In the last ninety days, insiders have sold 242,798 shares of company stock worth $308,402,488. Insiders own 0.14% of the company’s stock.

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