HSBC Holdings plc (LON:HSBA) has been given a GBX 850 ($11.21) price target by equities researchers at Citigroup Inc. in a research report issued on Friday. The brokerage currently has a “buy” rating on the financial services provider’s stock. Citigroup Inc.’s price objective would indicate a potential upside of 11.67% from the stock’s previous close.
HSBA has been the topic of a number of other research reports. Investec cut HSBC Holdings plc to a “sell” rating and set a GBX 640 ($8.44) target price on the stock. in a research report on Monday, June 12th. Credit Suisse Group reiterated a “neutral” rating and set a GBX 600 ($7.91) target price on shares of HSBC Holdings plc in a research report on Friday, April 21st. Goldman Sachs Group, Inc. (The) set a GBX 740 ($9.76) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Friday, June 16th. Morgan Stanley set a GBX 850 ($11.21) target price on HSBC Holdings plc and gave the stock a “buy” rating in a research report on Monday, July 17th. Finally, Deutsche Bank AG boosted their price target on HSBC Holdings plc from GBX 640 ($8.44) to GBX 695 ($9.17) and gave the company a “hold” rating in a research report on Tuesday, July 18th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the company. HSBC Holdings plc has an average rating of “Hold” and an average price target of GBX 679.15 ($8.96).
Shares of HSBC Holdings plc (LON:HSBA) traded up 0.95% during mid-day trading on Friday, hitting GBX 768.40. The stock had a trading volume of 5,670,537 shares. HSBC Holdings plc has a 52-week low of GBX 479.74 and a 52-week high of GBX 772.00. The firm has a 50 day moving average price of GBX 722.20 and a 200 day moving average price of GBX 681.04. The firm’s market cap is GBX 155.75 billion.
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In other news, insider Lord Evans purchased 2,239 shares of the firm’s stock in a transaction dated Friday, May 19th. The shares were acquired at an average price of GBX 666 ($8.79) per share, with a total value of £14,911.74 ($19,669.89). Also, insider Jonathan Symonds purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were purchased at an average cost of GBX 766 ($10.10) per share, for a total transaction of £76,600 ($101,042.08). Insiders have bought a total of 12,303 shares of company stock worth $9,196,209 in the last three months.
About HSBC Holdings plc
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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