Barclays Sticks to Their Buy Rating for HSBC Holdings (HSBA)
Barclays analyst Aman Rakkar maintained a Buy rating on HSBC Holdings today and set a price target of £14.00.
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Rakkar covers the Financial sector, focusing on stocks such as HSBC Holdings, NatWest Group, and Standard Chartered. According to TipRanks, Rakkar has an average return of 20.9% and a 75.45% success rate on recommended stocks.
In addition to Barclays, HSBC Holdings also received a Buy from TipRanks – Google’s Google Financial GB in a report issued on March 4. However, on March 3, J.P. Morgan maintained a Hold rating on HSBC Holdings (LSE: HSBA).
Based on HSBC Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of p33.73 billion and a net profit of p4.73 billion. In comparison, last year the company earned a revenue of p58.73 billion and had a net profit of p6.53 billion
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HSBA in relation to earlier this year.
Read More on GB:HSBA:
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- HSBC Names Dame Carolyn Fairbairn as Next Chair of HSBC UK Bank
- HSBC Updates Base Prospectus Supplement to Support Global Debt Issuance
- HSBC Confirms Share Capital and Voting Rights Total for Regulatory Disclosure
