HSBC Holdings plc (HSBA) Given Consensus Recommendation of “Hold” by Analysts

Shares of HSBC Holdings plc (LON:HSBA) have been assigned a consensus rating of “Hold” from the seventeen research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is GBX 727.31 ($9.72).

A number of research firms have recently issued reports on HSBA. Royal Bank of Canada set a GBX 750 ($10.03) price objective on HSBC and gave the stock a “neutral” rating in a report on Monday, December 18th. Jefferies Group reiterated a “buy” rating on shares of HSBC in a report on Monday, December 18th. Morgan Stanley set a GBX 850 ($11.37) price objective on HSBC and gave the stock a “buy” rating in a report on Wednesday, December 13th. Citigroup reiterated a “buy” rating on shares of HSBC in a report on Wednesday, December 6th. Finally, JPMorgan Chase & Co. set a GBX 690 ($9.23) price objective on HSBC and gave the stock a “neutral” rating in a report on Wednesday, November 29th.

In other news, insider Iain Mackay bought 16,980 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was purchased at an average price of GBX 741 ($9.91) per share, with a total value of £125,821.80 ($168,233.45).

HSBC (LON:HSBA) opened at GBX 766.90 ($10.25) on Monday. The firm has a market capitalization of $152,800.00 and a PE ratio of 3,834.50. HSBC has a one year low of GBX 518.17 ($6.93) and a one year high of GBX 773.20 ($10.34).

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About HSBC

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.

Analyst Recommendations for HSBC (LON:HSBA)

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