HSBC Holdings plc (LON:HSBA) insider Marc Moses sold 221,164 shares of the stock in a transaction that occurred on Monday, March 13th. The stock was sold at an average price of GBX 673 ($8.31), for a total value of £1,488,433.72 ($1,838,253.33).
Shares of HSBC Holdings plc (LON:HSBA) opened at 659.10 on Tuesday. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 715.20. The company’s 50-day moving average price is GBX 675.20 and its 200 day moving average price is GBX 640.00. The firm’s market cap is GBX 128.61 billion.
The company also recently disclosed a dividend, which will be paid on Thursday, April 6th. Investors of record on Thursday, February 23rd will be paid a GBX 0.21 ($0.00) dividend. This represents a yield of 2.53%. This is a boost from HSBC Holdings plc’s previous dividend of $0.10. The ex-dividend date is Thursday, February 23rd.
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A number of equities research analysts recently commented on HSBA shares. Berenberg Bank restated a “buy” rating and set a GBX 600 ($7.41) price target on shares of HSBC Holdings plc in a research report on Friday, November 25th. Barclays PLC increased their price target on HSBC Holdings plc from GBX 600 ($7.41) to GBX 670 ($8.27) and gave the stock an “equal weight” rating in a research report on Friday, January 6th. Shore Capital reaffirmed a “sell” rating on shares of HSBC Holdings plc in a report on Tuesday, January 3rd. BNP Paribas reaffirmed a “neutral” rating and set a GBX 630 ($7.78) price objective on shares of HSBC Holdings plc in a report on Monday, January 9th. Finally, Deutsche Bank AG set a GBX 579 ($7.15) price objective on HSBC Holdings plc and gave the stock a “neutral” rating in a report on Friday, January 13th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have assigned a buy rating to the company. HSBC Holdings plc has an average rating of “Hold” and an average price target of GBX 608.30 ($7.51).
About HSBC Holdings plc
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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