Citi Keeps Their Buy Rating on HSBC Holdings (HSBA)
Complete. Here is the key summaryCiti analyst Andrew Coombs reiterated a Buy rating on HSBC Holdings (HSBA), with shares closing at £1,551.20. Coombs holds a 5-star TipRanks rating. The broader market consensus for HSBC is a Moderate Buy with an average price target of $19.92, implying significant downside from current levels. Additionally, Barclays maintained a Buy rating on the stock in late July with a £16.50 price target.
In a report released yesterday, Andrew Coombs from Citi reiterated a Buy rating on HSBC Holdings. The company’s shares closed yesterday at p1,551.20.
Claim 55% Off TipRanks
- Unlock powerful investing tools with TipRanks Premium to make smarter, more confident investment decisions
- Subscribe to TipRanks Smart Investor Newsletter, and discover new investing opportunities with data-backed stock picks
According to TipRanks, Coombs is a 5-star analyst with an average return of 20.4% and a 77.46% success rate. Coombs covers the Financial sector, focusing on stocks such as HSBC Holdings, Standard Chartered, and Barclays.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for HSBC Holdings with a $19.92 average price target, which is a -98.72% downside from current levels. In a report released on July 22, Barclays also maintained a Buy rating on the stock with a £16.50 price target.