HSBC Holdings plc (LON:HSBA)‘s stock had its “buy” rating reissued by equities researchers at Citigroup Inc. in a report issued on Friday, July 21st.
Other equities analysts have also issued reports about the company. UBS AG set a GBX 630 ($8.18) target price on HSBC Holdings plc and gave the company a “neutral” rating in a report on Thursday, May 4th. Berenberg Bank downgraded HSBC Holdings plc to a “hold” rating and set a GBX 600 ($7.79) price objective for the company. in a research report on Tuesday, July 4th. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 690 ($8.96) price objective on shares of HSBC Holdings plc in a research report on Friday, June 30th. Deutsche Bank AG reduced their price objective on HSBC Holdings plc from GBX 635 ($8.24) to GBX 616 ($8.00) and set a “hold” rating for the company in a research report on Tuesday, April 25th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 740 ($9.61) price objective on shares of HSBC Holdings plc in a research report on Friday, June 9th. Three equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the stock. HSBC Holdings plc has a consensus rating of “Hold” and a consensus target price of GBX 682.40 ($8.86).
HSBC Holdings plc (HSBA) traded down 0.24% during mid-day trading on Friday, hitting GBX 736.20. The stock had a trading volume of 20,395,925 shares. The stock has a 50-day moving average price of GBX 743.49 and a 200 day moving average price of GBX 687.21. The firm’s market cap is GBX 149.22 billion. HSBC Holdings plc has a 12-month low of GBX 518.17 and a 12-month high of GBX 772.00.
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In other news, insider Jonathan Symonds bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were bought 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 bought 17,083 shares of the business’s stock in a transaction on Monday, August 14th. The shares were purchased at an average cost of GBX 737 ($9.57) per share, for a total transaction of £125,901.71 ($163,445.03). Over the last three months, insiders have acquired 27,147 shares of company stock worth $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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