HSBC Holdings plc’s (HSBA) “Underperform” Rating Reiterated at Credit Suisse Group

Credit Suisse Group reissued their underperform rating on shares of HSBC Holdings plc (LON:HSBA) in a report published on Friday morning. Credit Suisse Group currently has a GBX 650 ($8.58) price objective on the financial services provider’s stock.

Several other equities research analysts also recently issued reports on HSBA. UBS AG set a GBX 725 ($9.57) price target on HSBC Holdings plc and gave the company a neutral rating in a report on Monday, October 30th. Barclays PLC reaffirmed an equal weight rating and set a GBX 700 ($9.24) price target on shares of HSBC Holdings plc in a report on Tuesday, October 31st. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 690 ($9.11) price target on shares of HSBC Holdings plc in a report on Tuesday, October 31st. Deutsche Bank AG cut their price target on HSBC Holdings plc from GBX 737 ($9.73) to GBX 700 ($9.24) and set a hold rating for the company in a report on Tuesday, October 31st. Finally, Goldman Sachs Group, Inc. (The) set a GBX 790 ($10.42) price target on HSBC Holdings plc and gave the company a neutral rating in a report on Friday, August 11th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 716.80 ($9.46).

Shares of HSBC Holdings plc (LON:HSBA) opened at GBX 734.76 ($9.70) on Friday. HSBC Holdings plc has a twelve month low of GBX 518.17 ($6.84) and a twelve month high of GBX 772 ($10.19).

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The business also recently declared a dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, October 12th will be given a $0.10 dividend. This represents a dividend yield of 1.01%. The ex-dividend date is Thursday, October 12th.

In other HSBC Holdings plc news, insider Marc Moses bought 17,083 shares of the firm’s stock in a transaction on Monday, August 14th. The shares were purchased at an average price of GBX 737 ($9.73) per share, for a total transaction of £125,901.71 ($166,141.08). Also, insider Douglas J. Flint bought 58 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was acquired at an average price of GBX 724 ($9.55) per share, for a total transaction of £419.92 ($554.13). In the last quarter, insiders acquired 17,182 shares of company stock worth $12,662,261.

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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