HSBC (HSBA) Earns Buy Rating from Citigroup
HSBC (LON:HSBA)‘s stock had its “buy” rating restated by equities research analysts at Citigroup in a research report issued on Wednesday.
HSBA has been the subject of a number of other reports. Morgan Stanley set a GBX 850 ($11.44) price objective on shares of HSBC and gave the company a “buy” rating in a research report on Thursday, October 5th. Credit Suisse Group reaffirmed an “underperform” rating and set a GBX 650 ($8.75) price target on shares of HSBC in a research report on Friday, November 3rd. Deutsche Bank reaffirmed a “hold” rating and set a GBX 737 ($9.92) price target on shares of HSBC in a research report on Tuesday, September 26th. Goldman Sachs Group set a GBX 845 ($11.37) price target on shares of HSBC and gave the stock a “neutral” rating in a research report on Monday, October 9th. Finally, Jefferies Group started coverage on shares of HSBC in a research report on Monday, September 4th. They set a “buy” rating and a GBX 920 ($12.38) price target on the stock. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 746.33 ($10.04).
HSBC (LON HSBA) opened at GBX 727.80 ($9.80) on Wednesday. HSBC has a 12-month low of GBX 518.17 ($6.97) and a 12-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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