HSBC’s “Buy” Rating Reaffirmed at Investec (HBC)
HSBC (NYSE:HBC)‘s stock had its “buy” rating restated by analysts at Investec in a research report issued to clients and investors on Friday, Analyst Ratings Network.com reports.
HBC has been the subject of a number of other recent research reports. Analysts at Credit Suisse reiterated an “outperform” rating on shares of HSBC in a research note to investors on Tuesday. Separately, analysts at Barclays reiterated an “overweight” rating on shares of HSBC in a research note to investors on Wednesday, January 8th. Finally, analysts at Morgan Stanley upgraded shares of HSBC to an “overweight” rating in a research note to investors on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $450.00.
HSBC Holdings plc is a banking and financial services organization. It serves around 89 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking.
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