Citigroup Inc. Analysts Give HSBC Holdings plc (HSBA) a GBX 515 Price Target
HSBC Holdings plc (LON:HSBA) has been given a GBX 515 ($6.86) price objective by Citigroup Inc. in a research note issued to investors on Thursday. The brokerage presently has a a “buy” rating on the stock. Citigroup Inc.’s price target points to a potential downside of 9.08% from the company’s previous close.
HSBA has been the subject of a number of other research reports. BNP Paribas reiterated an “underperform” rating and issued a GBX 400 ($5.33) price target on shares of HSBC Holdings plc in a research note on Wednesday, April 20th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a GBX 500 ($6.66) price target on shares of HSBC Holdings plc in a research note on Friday, April 1st. JPMorgan Chase & Co. decreased their price target on shares of HSBC Holdings plc from GBX 410 ($5.46) to GBX 400 ($5.33) and set an “underweight” rating for the company in a research note on Tuesday, April 12th. Deutsche Bank AG restated a “hold” rating and set a GBX 437 ($5.82) price objective on shares of HSBC Holdings plc in a research report on Monday, April 4th. Finally, Morgan Stanley set a GBX 410 ($5.46) price objective on shares of HSBC Holdings plc and gave the stock a “sell” rating in a research report on Tuesday, April 5th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have assigned a buy rating to the company. HSBC Holdings plc presently has a consensus rating of “Hold” and an average target price of GBX 522.36 ($6.96).
HSBC Holdings plc (LON:HSBA) traded down 0.9266% during mid-day trading on Thursday, reaching GBX 566.4167. 49,442,167 shares of the company traded hands. The firm’s market capitalization is GBX 101.04 billion. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 588.30. The stock’s 50 day moving average price is GBX 545.02 and its 200 day moving average price is GBX 474.12.
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In related news, insider Evans,Lord purchased 1,754 shares of the stock in a transaction dated Wednesday, August 31st. The shares were acquired at an average cost of GBX 566 ($7.54) per share, with a total value of £9,927.64 ($13,222.75).
About HSBC Holdings plc
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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