HSBC Given Overweight Rating at Barclays (HBC)
HSBC (NYSE:HBC)‘s stock had its “overweight” rating reiterated by stock analysts at Barclays in a report issued on Tuesday, American Banking News reports.
A number of other analysts have also recently weighed in on HBC. Analysts at Citigroup Inc. downgraded shares of HSBC from a “buy” rating to a “neutral” rating in a research note on Tuesday. Separately, analysts at Investec reiterated a “buy” rating on shares of HSBC in a research note on Monday, February 10th. Finally, analysts at Nomura reiterated a “neutral” rating on shares of HSBC in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. HSBC has an average 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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