Citigroup Reiterates Top Pick Rating for HSBC (LON:HSBA)

HSBC (LON:HSBA)‘s stock had its “top pick” rating restated by equities research analysts at Citigroup in a research note issued to investors on Thursday, MarketBeat Ratings reports.

Separately, Berenberg Bank restated a “buy” rating and set a GBX 870 ($10.98) price objective on shares of HSBC in a research report on Wednesday, August 21st. One analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of GBX 795 ($10.03).

HSBC Stock Up 0.7 %

HSBA stock opened at GBX 766.20 ($9.67) on Thursday. The business’s 50-day moving average price is GBX 708.39 and its 200-day moving average price is GBX 683.70. The stock has a market cap of £139.37 billion, a P/E ratio of 858.20, a PEG ratio of 5.97 and a beta of 0.52. HSBC has a twelve month low of GBX 572.90 ($7.23) and a twelve month high of GBX 766.20 ($9.67).

Insider Buying and Selling

In related news, insider Georges Elhedery purchased 41,720 shares of the firm’s stock in a transaction that occurred on Tuesday, November 5th. The shares were bought at an average price of GBX 718 ($9.06) per share, for a total transaction of £299,549.60 ($378,075.98). 0.32% of the stock is currently owned by company insiders.

About HSBC

With assets of $3.0tn and operations in 62 countries and territories at 31 December 2022, HSBC is one of the largest banking and financial services organisations in the world. We serve approximately 39 million personal, wealth and corporate customers through three global businesses. We have around 180,000 shareholders in 126 countries and territories.