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The HSBC Holdings (LON:HSBA) share price has risen by 5.65% over the past month and it’s currently trading at 529.6p. For investors considering whether to buy, hold or sell the stock, the question now is whether this price run will continue.
According to the company’s analysts, there are certainly reasons to think it will continue to perform well in the year ahead. In terms of trading recommendations, HSBC Holdings currently has:
3 Buy recommendations
10 Hold recommendations
0 Sell recommendations
This suggests that analysts are generally positive about the outlook.
What else can I look at?
At its current price of 529.6p, shares in HSBC Holdings are trading at a discount of -6.63% to its 52 week high price. The 1-year performance of the shares has been 18.7%.
While analyst forecasts can be a useful guide to what City 'experts' think about a stock's near term future, they can be unreliable. To get a better idea about the strengths and weaknesses of HSBC Holdings it's worth doing some investigation yourself. Indeed, we've identified some areas of concern with HSBC Holdings that you can find out about here.