Shares of HSBC Holdings plc (LON: HSBA) have garnered a consensus recommendation of “Hold” from six brokerages currently covering the company, according to Marketbeat Ratings. The analysts’ evaluations reflect a mixed sentiment, with four recommending a hold and two advising a buy.
The average price target over the next year among these analysts stands at GBX 1,060.83. This figure is the result of recent assessments from various research firms. Notably, on October 30, 2023, Royal Bank of Canada raised its target price for HSBC from GBX 950 to GBX 1,050 and assigned a “sector perform” rating.
On October 29, 2023, Citigroup increased its price target from GBX 1,160 to GBX 1,240, issuing a “buy” rating in their latest research note. Similarly, on December 2, 2023, JPMorgan Chase & Co. adjusted its price target from GBX 1,010 to GBX 1,060 and maintained a “neutral” rating.
In a subsequent report on December 3, 2023, Shore Capital reiterated a “hold” rating and set a target price of GBX 1,070 for HSBC shares. This collection of insights reflects a cautious optimism among financial analysts while navigating the market dynamics surrounding the banking sector.
As of now, shares of HSBC are down 0.2%, indicating some volatility amidst the analysts’ ratings and market performance. Investors remain attentive to these fluctuations and the implications for future trading.
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