HSBC Holdings Receives “Buy” Rating from Citigroup Inc. (HSBA)
HSBC Holdings (LON:HSBA)‘s stock had its “buy” rating reaffirmed by Citigroup Inc. in a research note issued on Wednesday, Analyst Ratings Network reports. They currently have a GBX 770 ($12.64) price objective on the stock. Citigroup Inc.’s price target suggests a potential upside of 15.11% from the company’s current price.
HSBC Holdings (LON:HSBA) traded down 0.74% on Wednesday, hitting GBX 668.90. 20,035,652 shares of the company’s stock traded hands. HSBC Holdings has a 1-year low of GBX 639.70 and a 1-year high of GBX 1077.62. The stock’s 50-day moving average is GBX 662.2 and its 200-day moving average is GBX 689.0. The company’s market cap is £133.8 billion.
HSBA has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of HSBC Holdings in a research note to investors on Monday. They now have a GBX 730 ($11.98) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “strong-buy” rating on shares of HSBC Holdings in a research note to investors on Monday. They now have a GBX 900 ($14.77) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of HSBC Holdings in a research note to investors on Friday, January 17th. They now have a GBX 860 ($14.12) price target on the stock. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. HSBC Holdings currently has an average rating of “Hold” and an average target price of GBX 765.41 ($12.56).
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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