HSBC Holdings plc (HSBA.L) (LON:HSBA) Rating Reiterated by Barclays


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HSBC Holdings plc (HSBA.L) (LON:HSBA)‘s stock had its “sell” rating restated by Barclays in a research report issued on Tuesday, AnalystRatings.net reports. They presently have a GBX 400 ($5.23) price objective on the financial services provider’s stock. Barclays‘s target price points to a potential downside of 1.49% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. UBS Group reissued a “neutral” rating and set a GBX 330 ($4.31) target price on shares of HSBC Holdings plc (HSBA.L) in a report on Friday, November 20th. Royal Bank of Canada set a GBX 310 ($4.05) price target on shares of HSBC Holdings plc (HSBA.L) and gave the stock a “sell” rating in a research report on Tuesday, October 27th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell restated a “neutral” rating on shares of HSBC Holdings plc (HSBA.L) in a research report on Monday, October 12th. JPMorgan Chase & Co. set a GBX 400 ($5.23) price target on shares of HSBC Holdings plc (HSBA.L) and gave the stock a “sell” rating in a research report on Tuesday, December 15th. Finally, Deutsche Bank Aktiengesellschaft restated a “sell” rating and issued a GBX 350 ($4.57) price target on shares of HSBC Holdings plc (HSBA.L) in a research report on Wednesday, December 2nd. Eight equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of GBX 410 ($5.36).

HSBA opened at GBX 406.05 ($5.31) on Tuesday. HSBC Holdings plc has a fifty-two week low of GBX 281.50 ($3.68) and a fifty-two week high of GBX 599 ($7.83). The firm has a market capitalization of £82.71 billion and a price-to-earnings ratio of -36.65. The company’s 50 day moving average price is GBX 398.01 and its two-hundred day moving average price is GBX 353.96.

In related news, insider Noel Quinn bought 88,908 shares of the company’s stock in a transaction that occurred on Monday, November 9th. The shares were bought at an average price of GBX 338 ($4.42) per share, for a total transaction of £300,509.04 ($392,616.98).

HSBC Holdings plc (HSBA.L) Company Profile

HSBC Holdings plc provides banking and financial products and services worldwide. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, such as current and savings accounts, mortgages and personal loans, credit and debit cards, and local and international payment services; and wealth management services, including insurance and investment products, global asset management services, and financial planning services.

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Analyst Recommendations for HSBC Holdings plc (HSBA.L) (LON:HSBA)

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