HSBC’s (HSBA) “Top Pick” Rating Reaffirmed at Citigroup

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

Separately, Berenberg Bank reiterated a “buy” rating and set a GBX 870 ($10.98) target price on shares of HSBC in a research report on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 795 ($10.03).

HSBC Stock Performance

Shares of HSBA stock opened at GBX 766.20 ($9.67) on Thursday. The stock has a 50 day moving average price of GBX 708.39 and a 200 day moving average price of GBX 683.70. HSBC has a 52-week low of GBX 572.90 ($7.23) and a 52-week high of GBX 766.20 ($9.67). The firm has a market capitalization of £139.37 billion, a P/E ratio of 858.20, a P/E/G ratio of 5.97 and a beta of 0.52.

Insider Buying and Selling

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

HSBC Company Profile

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.