Goldman Sachs Group, Inc. (The) set a GBX 845 ($11.11) target price on HSBC Holdings plc (LON:HSBA) in a report released on Monday morning. The firm currently has a neutral rating on the financial services provider’s stock.
HSBA has been the subject of a number of other reports. Citigroup Inc. reissued a buy rating and issued a GBX 725 ($9.53) target price on shares of HSBC Holdings plc in a report on Friday, June 16th. BNP Paribas reissued an outperform rating and issued a GBX 715 ($9.40) target price on shares of HSBC Holdings plc in a report on Wednesday, July 19th. Barclays PLC raised their target price on shares of HSBC Holdings plc from GBX 650 ($8.55) to GBX 700 ($9.20) and gave the company an equal weight rating in a report on Tuesday, August 1st. Shore Capital reissued a sell rating on shares of HSBC Holdings plc in a report on Monday, July 31st. Finally, Morgan Stanley reissued an overweight rating and issued a GBX 850 ($11.18) target price on shares of HSBC Holdings plc in a report on Friday, September 29th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 712.15 ($9.36).
Shares of HSBC Holdings plc (LON:HSBA) opened at 758.40 on Monday. The company’s market capitalization is GBX 153.72 billion. The stock has a 50 day moving average of GBX 737.27 and a 200-day moving average of GBX 704.69. HSBC Holdings plc has a one year low of GBX 518.17 and a one year high of GBX 772.00.
The firm also recently announced a dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Thursday, October 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a dividend yield of 1.01%.
In other news, insider Douglas J. Flint acquired 58 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was purchased at an average cost of GBX 724 ($9.52) per share, for a total transaction of £419.92 ($552.09). Also, insider Stuart Thomson Gulliver sold 138,143 shares of HSBC Holdings plc stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.62), for a total value of £1,011,206.76 ($1,329,485.62). Insiders purchased 27,202 shares of company stock valued at $20,337,321 over the last 90 days.
HSBC Holdings plc Company Profile
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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