Shares of HSBC Holdings plc (LON:HSBA) have garnered a consensus recommendation of “Hold” from six brokerages currently monitoring the company. According to Marketbeat Ratings, four analysts advocate a hold recommendation, while two have issued a buy rating. The average one-year price target among these analysts stands at GBX 1,060.83.
Several research firms have recently updated their assessments of HSBC. On October 30, 2023, Royal Bank of Canada revised its target price from GBX 950 to GBX 1,050, maintaining a “sector perform” rating. Just a day prior, on October 29, 2023, Citigroup increased its price target from GBX 1,160 to GBX 1,240, giving the stock a “buy” rating.
In another update, JPMorgan Chase & Co. raised its price objective for HSBC from GBX 1,010 to GBX 1,060 on December 2, 2023, categorizing the stock as “neutral.” On December 3, 2023, Shore Capital reiterated its hold rating and set a target price of GBX 1,070.
Despite these positive evaluations, HSBC shares experienced a slight decline of 0.2% recently. Investors remain vigilant as analysts continue to navigate the evolving financial landscape.
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