HSBC Holdings plc (HSBA) Receives Buy Rating from Citigroup Inc.
Citigroup Inc. reissued their buy rating on shares of HSBC Holdings plc (LON:HSBA) in a report published on Tuesday morning. The brokerage currently has a GBX 850 ($11.03) price objective on the financial services provider’s stock.
Other equities analysts also recently issued reports about the company. UBS AG set a GBX 630 ($8.18) price objective on HSBC Holdings plc and gave the stock a neutral rating in a research report on Thursday, May 4th. Berenberg Bank downgraded HSBC Holdings plc to a hold rating and set a GBX 600 ($7.79) price objective for the company. in a research report on Tuesday, July 4th. J P Morgan Chase & Co reissued a neutral rating and set a GBX 690 ($8.96) price objective on shares of HSBC Holdings plc in a research report on Friday, June 30th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a GBX 755 ($9.80) price objective on shares of HSBC Holdings plc in a research report on Wednesday, July 26th. Finally, Credit Suisse Group set a GBX 630 ($8.18) price objective on HSBC Holdings plc and gave the stock a neutral rating in a research report on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 682.40 ($8.86).
Shares of HSBC Holdings plc (HSBA) opened at 743.60 on Tuesday. The firm’s 50 day moving average is GBX 744.79 and its 200 day moving average is GBX 688.19. The stock’s market capitalization is GBX 150.72 billion. HSBC Holdings plc has a 52-week low of GBX 518.17 and a 52-week high of GBX 772.00.
TRADEMARK VIOLATION NOTICE: This article was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another domain, it was copied illegally and republished in violation of international trademark & copyright legislation. The original version of this article can be accessed at https://www.thecerbatgem.com/2017/08/23/hsbc-holdings-plc-hsba-receives-buy-rating-from-citigroup-inc.html.
The business also recently declared a dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Thursday, August 3rd will be paid a dividend of $0.10 per share. This represents a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, August 3rd.
In related news, insider Jonathan Symonds purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was acquired at an average price of GBX 766 ($9.94) per share, for a total transaction of £76,600 ($99,441.78). Also, insider Marc Moses purchased 17,083 shares of the business’s stock in a transaction dated Monday, August 14th. The shares were bought at an average price of GBX 737 ($9.57) per share, with a total value of £125,901.71 ($163,445.03). Insiders have bought 27,147 shares of company stock valued at $20,295,206 in the last 90 days.
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.
Receive News & Stock Ratings for HSBC Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC Holdings plc and related stocks with our FREE daily email newsletter.