HSBC Holdings plc (HSBA) Given a GBX 845 Price Target at Goldman Sachs Group, Inc. (The)

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.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

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