HSBC Holdings plc (HSBA) Lifted to “Buy” at Citigroup Inc.
Citigroup Inc. upgraded shares of HSBC Holdings plc (LON:HSBA) to a buy rating in a report issued on Tuesday morning. The firm currently has GBX 665 ($8.24) target price on the stock, up from their prior target price of GBX 620 ($7.68).
A number of other research firms also recently weighed in on HSBA. Goldman Sachs Group Inc. set a GBX 565 ($7.00) price target on HSBC Holdings plc and gave the company a neutral rating in a research note on Monday, July 25th. JPMorgan Chase & Co. raised their price objective on HSBC Holdings plc from GBX 520 ($6.44) to GBX 560 ($6.94) and gave the company a neutral rating in a research report on Monday, October 24th. BNP Paribas reaffirmed a neutral rating and issued a GBX 540 ($6.69) price objective on shares of HSBC Holdings plc in a research report on Thursday, September 22nd. Royal Bank Of Canada raised their price objective on HSBC Holdings plc from GBX 420 ($5.20) to GBX 590 ($7.31) and gave the company a sector perform rating in a research report on Monday, October 24th. Finally, S&P Global Inc. set a GBX 670 ($8.30) price objective on HSBC Holdings plc and gave the company a neutral rating in a research report on Monday. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of GBX 544.59 ($6.75).
Shares of HSBC Holdings plc (LON:HSBA) opened at 616.70 on Tuesday. HSBC Holdings plc has a 12 month low of GBX 392.37 and a 12 month high of GBX 637.90. The firm has a 50-day moving average price of GBX 607.02 and a 200-day moving average price of GBX 517.64. The company’s market capitalization is GBX 110.01 billion.
The business also recently declared a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be given a GBX 0.10 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a dividend yield of 1.32%.
In other HSBC Holdings plc news, insider Evans,Lord acquired 1,754 shares of the company’s stock in a transaction dated Wednesday, August 31st. The shares were bought at an average cost of GBX 566 ($7.01) per share, with a total value of £9,927.64 ($12,297.34).
HSBC Holdings plc Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).
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