HSBC Holdings plc (HSBA) Given Buy Rating at Citigroup Inc.

HSBC Holdings plc (LON:HSBA)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup Inc. in a report issued on Friday, July 21st.

Other research analysts have also issued reports about the company. Morgan Stanley set a GBX 850 ($11.07) target price on HSBC Holdings plc and gave the company a “buy” rating in a research note on Monday, July 17th. Deutsche Bank AG cut their target price on HSBC Holdings plc from GBX 635 ($8.27) to GBX 616 ($8.02) and set a “hold” rating for the company in a research note on Tuesday, April 25th. Berenberg Bank lowered HSBC Holdings plc to a “hold” rating and set a GBX 600 ($7.81) target price for the company. in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) cut their target price on HSBC Holdings plc from GBX 740 ($9.64) to GBX 725 ($9.44) and set a “neutral” rating for the company in a research note on Thursday, April 27th. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 670 ($8.73) target price on shares of HSBC Holdings plc in a research note on Friday, May 5th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 680.15 ($8.86).

HSBC Holdings plc (LON:HSBA) traded down 1.68% during trading on Friday, reaching GBX 736.80. 25,311,629 shares of the company’s stock were exchanged. HSBC Holdings plc has a 52-week low of GBX 518.17 and a 52-week high of GBX 772.00. The stock’s 50-day moving average price is GBX 735.89 and its 200-day moving average price is GBX 685.00. The company’s market capitalization is GBX 21.76 billion.

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In other HSBC Holdings plc news, insider Jonathan Symonds purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were bought at an average price of GBX 766 ($9.98) per share, with a total value of £76,600 ($99,752.57). Also, insider Lord Evans purchased 2,239 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of GBX 666 ($8.67) per share, for a total transaction of £14,911.74 ($19,418.86). In the last ninety days, insiders have bought 12,303 shares of company stock worth $9,196,209.

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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