HSBC’s (HSBA) “Buy” Rating Reaffirmed at Citigroup
HSBC (LON:HSBA)‘s stock had its “buy” rating reaffirmed by stock analysts at Citigroup in a note issued to investors on Wednesday.
Several other equities analysts have also commented on the company. Jefferies Group started coverage on HSBC in a report on Monday, September 4th. They issued a “buy” rating and a GBX 920 ($12.38) target price on the stock. Shore Capital reissued a “sell” rating on shares of HSBC in a report on Monday, October 30th. UBS set a GBX 725 ($9.76) target price on HSBC and gave the company a “neutral” rating in a report on Monday, September 4th. Credit Suisse Group lowered HSBC to an “underperform” rating and increased their target price for the company from GBX 630 ($8.48) to GBX 650 ($8.75) in a report on Tuesday, October 10th. Finally, Goldman Sachs Group set a GBX 845 ($11.37) target price on HSBC and gave the company a “neutral” rating in a report on Monday, October 9th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 746.33 ($10.04).
HSBC (HSBA) opened at GBX 733.20 ($9.87) on Wednesday. HSBC has a twelve month low of GBX 518.17 ($6.97) and a twelve month high of GBX 772 ($10.39).
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HSBC 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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