UBS AG set a GBX 680 ($8.83) price objective on HSBC Holdings plc (LON:HSBA) in a research note published on Monday, July 31st, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the financial services provider’s stock.
A number of other equities research analysts also recently weighed in on HSBA. Credit Suisse Group reaffirmed a neutral rating and issued a GBX 600 ($7.79) target price on shares of HSBC Holdings plc in a research note on Thursday, April 6th. Goldman Sachs Group, Inc. (The) reaffirmed a neutral rating and issued a GBX 740 ($9.61) target price on shares of HSBC Holdings plc in a research note on Friday, June 9th. Shore Capital reaffirmed a sell rating on shares of HSBC Holdings plc in a research note on Monday, July 31st. Citigroup Inc. reissued a buy rating and set a GBX 720 ($9.35) price target on shares of HSBC Holdings plc in a research note on Thursday, April 6th. Finally, Berenberg Bank downgraded shares of HSBC Holdings plc to a hold rating and set a GBX 600 ($7.79) price target on the stock. in a research note on Tuesday, July 4th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. HSBC Holdings plc has an average rating of Hold and an average target price of GBX 682.40 ($8.86).
HSBC Holdings plc (HSBA) opened at 736.20 on Monday. The company’s 50-day moving average is GBX 743.49 and its 200-day moving average is GBX 687.21. The firm’s market capitalization is GBX 149.22 billion. HSBC Holdings plc has a 52-week low of GBX 518.17 and a 52-week high of GBX 772.00.
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The business also recently declared 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 related news, insider Marc Moses purchased 17,083 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average price of GBX 737 ($9.57) per share, for a total transaction of £125,901.71 ($163,445.03). Also, insider Jonathan Symonds purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The stock was bought at an average price of GBX 766 ($9.94) per share, for a total transaction of £76,600 ($99,441.78). In the last quarter, insiders purchased 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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