BNP Paribas set a GBX 825 ($10.96) price objective on HSBC Holdings plc (LON:HSBA) in a report released on Thursday, October 5th. The firm currently has a buy rating on the financial services provider’s stock.
Several other brokerages also recently weighed in on HSBA. Morgan Stanley raised shares of HSBC Holdings plc to an overweight rating and lifted their price target for the company from GBX 745 ($9.90) to GBX 850 ($11.29) in a report on Thursday, June 29th. Goldman Sachs Group, Inc. (The) set a GBX 740 ($9.83) price target on shares of HSBC Holdings plc and gave the company a neutral rating in a research note on Friday, June 16th. Barclays PLC reaffirmed an equal weight rating and set a GBX 700 ($9.30) price target on shares of HSBC Holdings plc in a research note on Thursday, October 5th. Credit Suisse Group reaffirmed a neutral rating and set a GBX 630 ($8.37) price target on shares of HSBC Holdings plc in a research note on Friday, June 30th. Finally, UBS AG set a GBX 725 ($9.63) price target on shares of HSBC Holdings plc and gave the company a neutral rating in a research note on Friday, August 18th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 712.15 ($9.46).
HSBC Holdings plc (LON:HSBA) opened at 746.30 on Thursday. The firm’s 50-day moving average price is GBX 737.25 and its 200-day moving average price is GBX 706.60. HSBC Holdings plc has a 12-month low of GBX 518.17 and a 12-month high of GBX 772.00. The company’s market cap is GBX 151.27 billion.
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The business also recently disclosed 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 purchased 17,083 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were bought at an average price of GBX 737 ($9.79) per share, for a total transaction of £125,901.71 ($167,289.01). 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 acquired at an average price of GBX 766 ($10.18) per share, for a total transaction of £76,600 ($101,780.49). Insiders purchased a total of 27,202 shares of company stock valued at $20,337,321 over the last ninety days.
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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