Goldman Sachs Group, Inc. (The) set a GBX 845 ($11.15) price target on HSBC Holdings plc (LON:HSBA) in a research report sent to investors on Tuesday morning. The brokerage currently has a neutral rating on the financial services provider’s stock.
Other analysts also recently issued reports about the stock. Morgan Stanley set a GBX 850 ($11.22) target price on shares of HSBC Holdings plc and gave the stock a buy rating in a research report on Monday, July 17th. Citigroup Inc. reissued a buy rating on shares of HSBC Holdings plc in a research report on Friday, July 21st. Jefferies Group LLC initiated coverage on shares of HSBC Holdings plc in a research report on Monday, September 4th. They issued a buy rating and a GBX 920 ($12.14) target price for the company. BNP Paribas set a GBX 825 ($10.89) target price on shares of HSBC Holdings plc and gave the stock a buy rating in a research report on Thursday, October 5th. Finally, Societe Generale reissued a buy rating on shares of HSBC Holdings plc in a research report on Monday, October 23rd. Four research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the company’s stock. HSBC Holdings plc presently has a consensus rating of Hold and an average target price of GBX 716.80 ($9.46).
HSBC Holdings plc (LON:HSBA) traded up GBX 5.40 ($0.07) during mid-day trading on Tuesday, reaching GBX 738.10 ($9.74). 19,977,022 shares of the company’s stock traded hands.
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The business also recently declared a dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, October 12th will be issued a $0.10 dividend. This represents a yield of 1.01%. The ex-dividend date of this dividend is Thursday, October 12th.
In other HSBC Holdings plc news, insider Marc Moses acquired 17,083 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was bought at an average price of GBX 737 ($9.73) per share, for a total transaction of £125,901.71 ($166,141.08). Also, insider Stuart Thomson Gulliver sold 138,143 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.66), for a total transaction of £1,011,206.76 ($1,334,397.94). In the last 90 days, insiders bought 17,182 shares of company stock valued at $12,662,261.
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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