HSBC Holdings (NYSE: HSBC) has received “hold” as its average rating from 18 research firms responsible for covering the firm, MarketBeat reports. 5 research analysts issued a rating of “sell”, 11 have issued a rating of “hold” and 2 have issued a rating of “buy” on the HSBC stock. The average target price for 12 months among brokers updating the coverage of the company’s shares during the past year stands at $21.00.
Ratings Given By Research Analysts On The HSBC Stock
The stock has been the subject of various equities research firms. Credit Group reaffirmed its rating of “neutral” on the shares of the company in their research note of Wednesday, 28th April. Morgan Stanley has reaffirmed its rating of “equal weight” on the shares of the company in their research note of Wednesday, 24th February.
AlphaValue lifted its ratings to “reduce” on the shares of the company in their research note of Wednesday, 28th April. Royal Canada Bank reaffirmed its rating of “sector perform” on the shares of the company in their research note of Wednesday, 28th April. Lastly, Investec cut its rating on the shares of the company from “hold” to “sell” in their research note of Thursday, 11th March.
Various institutional investors and hedge funds have sold and bought shares of the HSBC stock recently. Total Clarity Management bought a complete stake in the stock during the first quarter which has a total value of approximately $29,000. The firm, Cowa LLC, bought a stake in the HSBC stock during the first quarter which has a total value of approximately $30,000. The firm, Bessemer Group bought a stake in the stock during the first quarter having a total value of approximately $30,000.
