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

September 13, 2017 - By Kurt Siggers

HSBC Holdings PLC (LON:HSBA) Rating Reaffirmed

Citigroup now has a GBX 850.00 target price per share on the 145.58B GBP market cap company or 14.66 % upside potential. In analysts note sent to investors on 22 August, HSBC Holdings PLC (LON:HSBA) shares have had their “Buy” Rating restate by expert analysts at Citigroup.

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 stock has “Neutral” rating by JP Morgan on Tuesday, September 8. The rating was maintained by Morgan Stanley with “Underweight” on Thursday, October 6. Deutsche Bank maintained the stock with “Hold” rating in Tuesday, April 26 report. As per Wednesday, February 24, the company rating was maintained by Bankhaus Lampe. The rating was maintained by BNP Paribas with “Neutral” on Wednesday, February 24. Deutsche Bank maintained HSBC Holdings plc (LON:HSBA) rating on Thursday, August 4. Deutsche Bank has “Hold” rating and GBX 514 target. On Monday, July 31 the stock rating was maintained by Shore Capital with “Sell”. Natixis maintained HSBC Holdings plc (LON:HSBA) on Monday, December 21 with “Neutral” rating. The firm has “Buy” rating given on Wednesday, April 27 by Berenberg. The firm has “Market Perform” rating by Bernstein given on Friday, January 15.

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

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