Citigroup Maintained HSBC Holdings PLC (LON:HSBA) As a “Buy”; They Now Have a PT Of GBX 850.00

September 13, 2017 - By Winifred Garcia

HSBC Holdings PLC (LON:HSBA) Rating Reaffirmed

Citigroup now has a GBX 850.00 target price on shares of HSBC Holdings PLC (LON:HSBA). The target price would indicate a potential upside of 14.66 % from the last stock close of HSBC Holdings PLC (LON:HSBA). This rating was shown in a research report on Tuesday, 22 August.

HSBC Holdings plc (LON:HSBA) Ratings Coverage

Among 28 analysts covering HSBC Holdings PLC (LON:HSBA), 9 have Buy rating, 5 Sell and 14 Hold. Therefore 32% are positive. HSBC Holdings PLC has GBX 920 highest and GBX 6.5 lowest target. GBX 625.77’s average target is -14.46% below currents GBX 731.54 stock price. HSBC Holdings PLC had 274 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Tuesday, August 22 by Citigroup. Goldman Sachs maintained it with “Neutral” rating and GBX 740 target in Wednesday, March 8 report. The stock of HSBC Holdings plc (LON:HSBA) earned “Hold” rating by Deutsche Bank on Tuesday, April 26. Bernstein maintained the shares of HSBA in report on Monday, January 25 with “Market Perform” rating. The firm has “Neutral” rating by Credit Suisse given on Thursday, February 16. On Monday, August 24 the stock rating was maintained by Berenberg with “Buy”. The company was maintained on Tuesday, September 29 by Nomura. Bernstein maintained it with “Market Perform” rating and GBX 550 target in Tuesday, February 16 report. Deutsche Bank maintained the shares of HSBA in report on Thursday, October 13 with “Hold” rating. The stock of HSBC Holdings plc (LON:HSBA) has “Hold” rating given on Tuesday, July 4 by Berenberg.

The stock decreased 0.45% or GBX 3.33 on September 13, reaching GBX 731.54. About 24.19M shares traded or 57.49% up from the average. HSBC Holdings plc (LON:HSBA) has 0.00% since September 13, 2016 and is . It has underperformed by 16.70% the S&P500.

HSBC Holdings plc is the banking and financial services company. The company has market cap of 145.58 billion GBP. The Firm manages its services and products through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It has a 102.4 P/E ratio. It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.

More news for HSBC Holdings plc (LON:HSBA) were recently published by: Nasdaq.com, which released: “Are Options Traders Betting on a Big Move in HSBC Holdings PLC (HSBC) Stock?” on September 06, 2017. Bloomberg.com‘s article titled: “Evidence Mounts for Green Bonds Outperforming Conventional: HSBC” and published on September 05, 2017 is yet another important article.

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