HSBC Holdings plc (LON:HSBA) receives analysts’ average ‘Hold’ recommendation

Shares of HSBC Holdings plc (LON:HSBA – Get a rating) earned an average rating of “Hold” from the twelve rating agencies that currently cover the stock, 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

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.

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Analyst recommendations for HSBC (LON:HSBA)

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