HSBC Holdings Rating Reiterated by Citigroup Inc. (HSBA)

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HSBC Holdings (LON:HSBA)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a research report issued on Wednesday, ARN reports. They currently have a GBX 770 ($12.64) price target on the stock. Citigroup Inc.’s price target indicates a potential upside of 14.26% from the company’s current price.

HSBC Holdings (LON:HSBA) opened at 673.80 on Wednesday. HSBC Holdings has a 1-year low of GBX 639.70 and a 1-year high of GBX 772.50. The stock has a 50-day moving average of GBX 662.5 and a 200-day moving average of GBX 689.3. The company’s market cap is £134.8 billion.

Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of HSBC Holdings in a research note to investors on Monday. They now have a GBX 730 ($11.98) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “strong-buy” rating on shares of HSBC Holdings in a research note to investors on Monday. They now have a GBX 900 ($14.77) price target on the stock. Finally, analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of HSBC Holdings in a research note to investors on Friday, January 17th. They now have a GBX 860 ($14.12) price target on the stock. Four equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 765.41 ($12.56).

HSBC Holdings plc is a banking and financial services organization. It serves around 89 million customers through four global businesses: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking.

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