HSBC Holdings plc (HSBA) Earns Buy Rating from Citigroup Inc.

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

Other equities analysts have also issued reports about the company. UBS AG set a GBX 630 ($8.18) target price on HSBC Holdings plc and gave the company a “neutral” rating in a report on Thursday, May 4th. Berenberg Bank downgraded HSBC Holdings plc to a “hold” rating and set a GBX 600 ($7.79) price objective for the company. in a research report on Tuesday, July 4th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 690 ($8.96) price objective on shares of HSBC Holdings plc in a research report on Friday, June 30th. Deutsche Bank AG reduced their price objective on HSBC Holdings plc from GBX 635 ($8.24) to GBX 616 ($8.00) and set a “hold” rating for the company in a research report on Tuesday, April 25th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 740 ($9.61) price objective on shares of HSBC Holdings plc in a research report on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. HSBC Holdings plc has a consensus rating of “Hold” and a consensus target price of GBX 682.40 ($8.86).

HSBC Holdings plc (HSBA) traded down 0.24% during mid-day trading on Friday, hitting GBX 736.20. The stock had a trading volume of 20,395,925 shares. The stock has a 50-day moving average price of GBX 743.49 and a 200 day moving average price of GBX 687.21. The firm’s market cap is GBX 149.22 billion. HSBC Holdings plc has a 12-month low of GBX 518.17 and a 12-month high of GBX 772.00.

TRADEMARK VIOLATION NOTICE: This story was posted by Community Financial News and is the sole property of of Community Financial News. If you are accessing this story on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/19/hsbc-holdings-plc-hsba-stock-rating-reaffirmed-by-citigroup-inc-updated-updated-updated.html.

In other news, insider Jonathan Symonds bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average cost of GBX 766 ($9.94) per share, with a total value of £76,600 ($99,441.78). Also, insider Marc Moses bought 17,083 shares of the business’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of GBX 737 ($9.57) per share, for a total transaction of £125,901.71 ($163,445.03). Over the last three months, insiders have acquired 27,147 shares of company stock worth $20,295,206.

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.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

What are top analysts saying about HSBC Holdings plc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for HSBC Holdings plc and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit