Shares of HSBC Holdings plc (LON:HSBA) have received an average recommendation of “Hold” from the seventeen analysts that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 671.90 ($8.78).
Several analysts have recently issued reports on the stock. Barclays lowered shares of HSBC to an “underweight” rating and reduced their target price for the stock from GBX 740 ($9.67) to GBX 600 ($7.84) in a research note on Wednesday, July 17th. Deutsche Bank reiterated a “sell” rating on shares of HSBC in a research note on Wednesday, July 24th. Goldman Sachs Group set a GBX 925 ($12.09) target price on shares of HSBC and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Morgan Stanley reiterated an “equal weight” rating on shares of HSBC in a research note on Friday, July 26th. Finally, Credit Suisse Group reiterated a “neutral” rating and issued a GBX 670 ($8.75) target price on shares of HSBC in a research note on Thursday, June 13th.
Shares of LON HSBA traded down GBX 19.90 ($0.26) during trading on Tuesday, hitting GBX 646.10 ($8.44). The stock had a trading volume of 35,889,165 shares, compared to its average volume of 26,590,000. HSBC has a 12 month low of GBX 596.40 ($7.79) and a 12 month high of GBX 727.90 ($9.51). The firm has a market capitalization of $131.04 billion and a P/E ratio of 9.36. The company’s fifty day moving average price is GBX 660.09.
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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