HSBC Holdings plc (LON:HSBA) Given Buy Rating at Citigroup Inc.
HSBC Holdings plc (LON:HSBA)‘s stock had its “buy” rating reiterated by Citigroup Inc. in a research note issued to investors on Friday.
Several other equities analysts also recently weighed in on the company. Goldman Sachs Group, Inc. (The) raised their price objective on HSBC Holdings plc from GBX 740 ($9.66) to GBX 755 ($9.86) and gave the company a “neutral” rating in a research note on Thursday, June 22nd. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 720 ($9.40) price objective on shares of HSBC Holdings plc in a research note on Friday, March 24th. Shore Capital reaffirmed a “sell” rating on shares of HSBC Holdings plc in a research note on Thursday, May 4th. J P Morgan Chase & Co reaffirmed a “neutral” rating and issued a GBX 690 ($9.01) price objective on shares of HSBC Holdings plc in a research note on Friday, June 30th. Finally, Deutsche Bank AG dropped their price objective on HSBC Holdings plc from GBX 635 ($8.29) to GBX 616 ($8.04) and set a “hold” rating for the company in a research note on Tuesday, April 25th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of GBX 662.55 ($8.65).
Shares of HSBC Holdings plc (LON:HSBA) opened at 735.10 on Friday. HSBC Holdings plc has a 52 week low of GBX 482.05 and a 52 week high of GBX 751.66. The stock has a 50 day moving average price of GBX 707.23 and a 200-day moving average price of GBX 676.16. The firm’s market capitalization is GBX 143.80 billion.
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In other news, insider Lord Evans bought 2,239 shares of HSBC Holdings plc stock in a transaction that occurred on Friday, May 19th. The shares were purchased at an average price of GBX 666 ($8.70) per share, for a total transaction of £14,911.74 ($19,472.11). Also, insider Douglas J. Flint sold 150,000 shares of HSBC Holdings plc stock in a transaction on Friday, May 5th. The shares were sold at an average price of GBX 661 ($8.63), for a total value of £991,500 ($1,294,724.47). Insiders purchased 2,306 shares of company stock worth $1,535,938 in the last quarter.
HSBC Holdings plc Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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