HSBC Holdings plc (LON:HSBA) had its target price upped by Barclays PLC from GBX 650 ($8.44) to GBX 700 ($9.09) in a report issued on Tuesday, August 1st. They currently have an equal weight rating on the financial services provider’s stock.
Several other equities analysts have also commented on HSBA. UBS AG set a GBX 630 ($8.18) price objective on shares of HSBC Holdings plc and gave the stock a neutral rating in a report on Thursday, May 4th. Credit Suisse Group reiterated a neutral rating and set a GBX 600 ($7.79) target price on shares of HSBC Holdings plc in a report on Thursday, April 6th. Goldman Sachs Group, Inc. (The) reiterated a neutral rating and set a GBX 770 ($10.00) target price on shares of HSBC Holdings plc in a report on Tuesday, August 1st. Deutsche Bank AG increased their target price on shares of HSBC Holdings plc from GBX 695 ($9.02) to GBX 737 ($9.57) and gave the stock a hold rating in a report on Tuesday, August 1st. Finally, S&P Global set a GBX 820 ($10.65) target price on shares of HSBC Holdings plc and gave the stock a neutral rating in a report on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 682.40 ($8.86).
Shares of HSBC Holdings plc (HSBA) traded down 0.24% during trading on Tuesday, reaching GBX 736.20. 20,395,925 shares of the company traded hands. The firm’s 50 day moving average price is GBX 743.49 and its 200-day moving average price is GBX 687.21. The company’s market capitalization is GBX 149.22 billion. HSBC Holdings plc has a 52 week low of GBX 518.17 and a 52 week high of GBX 772.00.
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The firm also recently disclosed a dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Thursday, August 3rd will be given a dividend of $0.10 per share. This represents a yield of 1.02%. The ex-dividend date of this dividend is Thursday, August 3rd.
In other news, insider Jonathan Symonds bought 10,000 shares of HSBC Holdings plc stock in a transaction dated Tuesday, August 1st. The stock was bought at an average price of GBX 766 ($9.94) per share, for a total transaction of £76,600 ($99,441.78). Also, insider Marc Moses bought 17,083 shares of HSBC Holdings plc stock in a transaction dated Monday, August 14th. The stock was purchased at an average price of GBX 737 ($9.57) per share, with a total value of £125,901.71 ($163,445.03). Insiders have acquired a total of 27,147 shares of company stock worth $20,295,206 over the last three months.
HSBC Holdings plc Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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