Published On: Tue, Sep 13th, 2016

HSBC Holdings plc (HSBA) Downgraded to “Neutral” at Citigroup Inc.

HSBC Holdings plc (LON:HSBA) was downgraded by equities research analysts at Citigroup Inc. to a “neutral” rating in a note issued to investors on Tuesday. They currently have a GBX 600 ($7.99) price target on the stock. Citigroup Inc.’s price objective suggests a potential upside of 6.08% from the company’s previous close.
HSBA has been the topic of a number of other reports. Deutsche Bank AG restated a “hold” rating and set a GBX 525 ($6.99) target price on shares of HSBC Holdings plc in a research note on Tuesday, September 6th. Societe Generale restated a “buy” rating and set a GBX 510 ($6.79) target price on shares of HSBC Holdings plc in a research note on Friday. Investec restated a “buy” rating on shares of HSBC Holdings plc in a research note on Thursday, August 25th. Berenberg Bank restated a “buy” rating and set a GBX 600 ($7.99) target price on shares of HSBC Holdings plc in a research note on Tuesday, August 2nd. Finally, Goldman Sachs Group Inc. set a GBX 585 ($7.79) target price on shares of HSBC Holdings plc and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Four equities research 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. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 522.36 ($6.96).
HSBC Holdings plc (LON:HSBA) opened at 565.60 on Tuesday. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 588.30. The stock’s 50 day moving average is GBX 538.32 and its 200 day moving average is GBX 470.80. The stock’s market capitalization is GBX 100.90 billion.

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In other news, insider Evans,Lord purchased 1,754 shares of the company’s stock in a transaction dated Wednesday, August 31st. The stock was acquired at an average price of GBX 566 ($7.54) per share, for a total transaction of £9,927.64 ($13,222.75).
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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