Citigroup Inc. Reiterates Neutral Rating for HSBC Holdings plc (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reiterated by research analysts at Citigroup Inc. in a report released on Friday. They currently have a GBX 685 ($11.66) price objective on the stock. Citigroup Inc.’s target price would indicate a potential upside of 14.74% from the company’s current price.
HSBC Holdings plc (LON:HSBA) traded up 0.40% on Friday, hitting GBX 597.00. 15,510,509 shares of the company’s stock traded hands. HSBC Holdings plc has a 52 week low of GBX 587.40 and a 52 week high of GBX 761.40. The stock has a 50-day moving average of GBX 616.2 and a 200-day moving average of GBX 628.4. The company’s market cap is £115.2 billion.
A number of other analysts have also recently weighed in on HSBA. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of HSBC Holdings plc in a research note on Tuesday. They now have a GBX 800 ($13.61) price target on the stock. Separately, analysts at Grupo Santander reiterated an “underweight” rating on shares of HSBC Holdings plc in a research note on Friday, June 20th. They now have a GBX 638 ($10.86) price target on the stock. Finally, analysts at Nomura cut their price target on shares of HSBC Holdings plc from GBX 710 ($12.08) to GBX 680 ($11.57) in a research note on Thursday, June 19th. They now have a “neutral” rating on the stock. Six analysts have rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of GBX 696.12 ($11.85).
HSBC Holdings plc (LON:HSBA) is a global banking and financial services organizations.
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