HSBC Given “Conviction-Buy” Rating at Goldman Sachs Group Inc. (HBC)
HSBC (NYSE:HBC)‘s stock had its “conviction-buy” rating reaffirmed by Goldman Sachs Group Inc. in a research note issued on Monday, ARN reports.
Several other analysts have also recently commented on the stock. Analysts at Investec reiterated a “buy” rating on shares of HSBC in a research note to investors on Friday. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of HSBC in a research note to investors on Tuesday, January 14th. Finally, analysts at Barclays reiterated an “overweight” rating on shares of HSBC in a research note to investors on Wednesday, January 8th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average 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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