HSBC (HSBA) Rating Reiterated by Citigroup

HSBC (LON:HSBA)‘s stock had its “buy” rating reissued by equities research analysts at Citigroup in a note issued to investors on Monday.

A number of other research analysts have also recently commented on the company. Jefferies Group reaffirmed a “buy” rating on shares of HSBC in a research report on Monday, December 18th. Shore Capital reaffirmed a “sell” rating on shares of HSBC in a research report on Monday, October 30th. Morgan Stanley set a GBX 850 ($11.74) price target on HSBC and gave the company a “buy” rating in a research report on Wednesday, December 13th. Royal Bank of Canada set a GBX 750 ($10.36) price target on HSBC and gave the company a “neutral” rating in a research report on Monday, December 18th. Finally, Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 650 ($8.98) price target on shares of HSBC in a research report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 754 ($10.42).

Shares of HSBC (LON:HSBA) traded up GBX 0.60 ($0.01) during midday trading on Monday, hitting GBX 732.40 ($10.12). The stock had a trading volume of 27,858,706 shares, compared to its average volume of 20,160,000. HSBC has a 1 year low of GBX 518.17 ($7.16) and a 1 year high of GBX 798.60 ($11.03). The stock has a market cap of $146,450.00 and a PE ratio of 3,662.00.

In other HSBC news, insider Laura May Lung Cha bought 8,000 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The shares were acquired at an average cost of GBX 6,210 ($85.80) per share, for a total transaction of £496,800 ($686,377.45).

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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.

Analyst Recommendations for HSBC (LON:HSBA)

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