Deutsche Bank AG set a GBX 737 ($9.57) target price on HSBC Holdings plc (LON:HSBA) in a research note released on Monday. The firm currently has a neutral rating on the financial services provider’s stock.
HSBA has been the topic of several other research reports. Citigroup Inc. restated a buy rating on shares of HSBC Holdings plc in a research note on Friday, April 21st. UBS AG set a GBX 630 ($8.18) price objective on HSBC Holdings plc and gave the company a neutral rating in a research note on Thursday, May 4th. BNP Paribas restated an outperform rating and set a GBX 715 ($9.28) price objective on shares of HSBC Holdings plc in a research note on Wednesday, July 19th. Barclays PLC upped their price objective on HSBC Holdings plc from GBX 650 ($8.44) to GBX 700 ($9.09) and gave the company an equal weight rating in a research note on Tuesday, August 1st. Finally, Shore Capital restated a sell rating on shares of HSBC Holdings plc in a research note on Monday, July 31st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. HSBC Holdings plc presently has an average rating of Hold and an average price target of GBX 680.15 ($8.83).
HSBC Holdings plc (LON HSBA) opened at 732.00 on Monday. The company’s 50-day moving average price is GBX 742.14 and its 200-day moving average price is GBX 686.87. The stock’s market cap is GBX 148.37 billion. HSBC Holdings plc has a 1-year low of GBX 518.17 and a 1-year high of GBX 772.00.
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The firm also recently disclosed a dividend, which will be paid on Wednesday, September 20th. Investors of record on Thursday, August 3rd will be issued a $0.10 dividend. This represents a yield of 1.02%. The ex-dividend date is Thursday, August 3rd.
In other news, insider Jonathan Symonds purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was purchased at an average cost of GBX 766 ($9.94) per share, with a total value of £76,600 ($99,441.78). Also, insider Marc Moses purchased 17,083 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of GBX 737 ($9.57) per share, with a total value of £125,901.71 ($163,445.03). Over the last ninety days, insiders have acquired 27,147 shares of company stock valued at $20,295,206.
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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