Goldman Sachs Group, Inc. (The) set a GBX 845 ($11.23) price target on HSBC Holdings plc (LON:HSBA) in a research note released on Monday morning. The brokerage currently has a neutral rating on the financial services provider’s stock.
Other equities analysts have also recently issued research reports about the company. UBS AG set a GBX 680 ($9.04) price target on HSBC Holdings plc and gave the stock a neutral rating in a report on Wednesday, June 28th. J P Morgan Chase & Co set a GBX 690 ($9.17) price target on HSBC Holdings plc and gave the stock a neutral rating in a report on Thursday, August 10th. Barclays PLC reiterated a hold rating and set a GBX 600 ($7.97) price target on shares of HSBC Holdings plc in a report on Wednesday, September 27th. Berenberg Bank reiterated a hold rating and set a GBX 600 ($7.97) price target on shares of HSBC Holdings plc in a report on Thursday, September 28th. Finally, Morgan Stanley reiterated an overweight rating and set a GBX 850 ($11.29) price target 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 issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of GBX 712.15 ($9.46).
Shares of HSBC Holdings plc (LON HSBA) opened at 742.90 on Monday. HSBC Holdings plc has a 12 month low of GBX 518.17 and a 12 month high of GBX 772.00. The firm’s market cap is GBX 150.58 billion. The firm has a 50 day moving average price of GBX 737.58 and a 200-day moving average price of GBX 708.15.
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The business also recently announced a dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, October 12th will be paid 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 related news, insider Stuart Thomson Gulliver sold 138,143 shares of the business’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.73), for a total value of £1,011,206.76 ($1,343,617.80). Also, insider Douglas J. Flint acquired 58 shares of HSBC Holdings plc stock in a transaction that occurred on Wednesday, September 20th. The stock was acquired at an average cost of GBX 724 ($9.62) per share, for a total transaction of £419.92 ($557.96). In the last ninety days, insiders have acquired 27,202 shares of company stock worth $20,337,321.
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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