Breaking: HSBC Holdings PLC (LON:HSBA) “Buy” Rating Kept by Citigroup Today; The TP is Set to GBX 850.00

September 13, 2017 - By Maria Brooks

HSBC Holdings PLC (LON:HSBA) Rating Reaffirmed

HSBC Holdings PLC (LON:HSBA) just had their share rating of a ‘”Buy”‘ issued by research analysts at Citigroup, who now has a GBX 850.00 target price on the 145.58 billion GBP market cap company or a 14.66 % upside potential. This key information was disclosed to clients in a report on Tuesday morning.

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. On Tuesday, October 18 the stock rating was maintained by UBS with “Neutral”. The company was maintained on Monday, July 31 by Goldman Sachs. As per Tuesday, November 3, the company rating was maintained by Natixis. The rating was maintained by Deutsche Bank with “Hold” on Tuesday, May 24. The rating was maintained by BNP Paribas with “Neutral” on Wednesday, February 24. Maybank Kim Eng maintained HSBC Holdings plc (LON:HSBA) on Tuesday, September 1 with “Buy” rating. The rating was downgraded by Natixis on Wednesday, January 20 to “Reduce”. Bernstein maintained HSBC Holdings plc (LON:HSBA) rating on Wednesday, February 10. Bernstein has “Market Perform” rating and GBX 550 target. The firm earned “Underweight” rating on Wednesday, January 6 by J.P. Morgan. As per Wednesday, May 10, the company rating was maintained by Deutsche Bank.

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 14, 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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