HSBC Holdings plc (LON:HSBA)‘s stock had its “buy” rating reaffirmed by analysts at Citigroup Inc. in a report issued on Friday, July 21st.
Other research analysts have also issued reports about the company. Morgan Stanley set a GBX 850 ($11.07) target price on HSBC Holdings plc and gave the company a “buy” rating in a research note on Monday, July 17th. Deutsche Bank AG cut their target price on HSBC Holdings plc from GBX 635 ($8.27) to GBX 616 ($8.02) and set a “hold” rating for the company in a research note on Tuesday, April 25th. Berenberg Bank lowered HSBC Holdings plc to a “hold” rating and set a GBX 600 ($7.81) target price for the company. in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) cut their target price on HSBC Holdings plc from GBX 740 ($9.64) to GBX 725 ($9.44) and set a “neutral” rating for the company in a research note on Thursday, April 27th. Finally, J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 670 ($8.73) target price on shares of HSBC Holdings plc in a research note on Friday, May 5th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 680.15 ($8.86).
HSBC Holdings plc (LON:HSBA) traded down 1.68% during trading on Friday, reaching GBX 736.80. 25,311,629 shares of the company’s stock were exchanged. HSBC Holdings plc has a 52-week low of GBX 518.17 and a 52-week high of GBX 772.00. The stock’s 50-day moving average price is GBX 735.89 and its 200-day moving average price is GBX 685.00. The company’s market capitalization is GBX 21.76 billion.
In other HSBC Holdings plc news, insider Jonathan Symonds purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were bought at an average price of GBX 766 ($9.98) per share, with a total value of £76,600 ($99,752.57). Also, insider Lord Evans purchased 2,239 shares of the company’s stock in a transaction dated Friday, May 19th. The shares were acquired at an average cost of GBX 666 ($8.67) per share, for a total transaction of £14,911.74 ($19,418.86). In the last ninety days, insiders have bought 12,303 shares of company stock worth $9,196,209.
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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