Other analysts also recently issued reports about the stock. Barclays PLC boosted their price target on shares of HSBC Holdings plc from GBX 600 ($7.45) to GBX 670 ($8.32) and gave the stock an equal weight rating in a research report on Friday, January 6th. Deutsche Bank AG dropped their price target on shares of HSBC Holdings plc from GBX 660 ($8.20) to GBX 635 ($7.89) and set a hold rating on the stock in a research report on Wednesday, February 22nd. Beaufort Securities restated a hold rating and set a GBX 690 ($8.57) price target on shares of HSBC Holdings plc in a research report on Wednesday, February 22nd. Morgan Stanley set a GBX 745 ($9.25) price target on shares of HSBC Holdings plc and gave the stock a neutral rating in a research report on Wednesday, January 18th. Finally, Goldman Sachs Group Inc set a GBX 775 ($9.62) price target on shares of HSBC Holdings plc and gave the stock a neutral rating in a research report on Monday, January 16th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 615.73 ($7.65).
Shares of HSBC Holdings plc (LON:HSBA) opened at 661.70 on Thursday. The stock’s market capitalization is GBX 129.12 billion. HSBC Holdings plc has a 12 month low of GBX 392.37 and a 12 month high of GBX 715.20. The company has a 50-day moving average of GBX 659.84 and a 200-day moving average of GBX 648.82.
The business also recently disclosed a dividend, which was paid on Thursday, April 6th. Investors of record on Thursday, February 23rd were given a dividend of GBX 0.21 ($0.00) per share. The ex-dividend date was Thursday, February 23rd. This is an increase from HSBC Holdings plc’s previous dividend of $0.10. This represents a yield of 2.53%.
In related news, insider Douglas J. Flint sold 138,888 shares of the business’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of GBX 662 ($8.22), for a total transaction of £919,438.56 ($1,141,734.21). Also, insider Lord Evans acquired 1,483 shares of the stock in a transaction that occurred on Wednesday, February 22nd. The shares were bought at an average cost of GBX 674 ($8.37) per share, for a total transaction of £9,995.42 ($12,412.05). Over the last ninety days, insiders have purchased 1,528 shares of company stock worth $1,029,402 and have sold 500,827 shares worth $332,418,868.
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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