HSBC Holdings plc (LON:HSBA) had its price target boosted by Barclays PLC from GBX 650 ($8.46) to GBX 700 ($9.12) in a research report released on Tuesday, August 1st. The firm currently has an equal weight rating on the financial services provider’s stock.
A number of other brokerages also recently issued reports on HSBA. Goldman Sachs Group, Inc. (The) reissued a neutral rating and issued a GBX 770 ($10.03) price target on shares of HSBC Holdings plc in a report on Tuesday, August 1st. Deutsche Bank AG boosted their price target on HSBC Holdings plc from GBX 695 ($9.05) to GBX 737 ($9.60) and gave the company a hold rating in a report on Tuesday, August 1st. S&P Global set a GBX 820 ($10.68) price target on HSBC Holdings plc and gave the company a neutral rating in a report on Tuesday, August 1st. UBS AG set a GBX 680 ($8.86) price target on HSBC Holdings plc and gave the company a neutral rating in a report on Monday, July 31st. Finally, Credit Suisse Group set a GBX 630 ($8.20) price target on HSBC Holdings plc and gave the company a neutral rating in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have issued a buy rating to the stock. HSBC Holdings plc currently has a consensus rating of Hold and an average price target of GBX 680.15 ($8.86).
Shares of HSBC Holdings plc (LON HSBA) opened at 736.80 on Tuesday. The firm’s market capitalization is GBX 149.35 billion. The stock’s 50 day moving average is GBX 737.34 and its 200 day moving average is GBX 685.11. HSBC Holdings plc has a 52-week low of GBX 518.17 and a 52-week high of GBX 772.00.
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The business also recently declared a dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Thursday, August 3rd will be given a $0.10 dividend. This represents a yield of 1.02%. The ex-dividend date of this dividend is Thursday, August 3rd.
In other HSBC Holdings plc news, insider Jonathan Symonds acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average price of GBX 766 ($9.98) per share, for a total transaction of £76,600 ($99,752.57). Also, insider Lord Evans acquired 2,239 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was acquired at an average price of GBX 666 ($8.67) per share, for a total transaction of £14,911.74 ($19,418.86). Insiders acquired a total of 12,303 shares of company stock worth $9,196,209 in the last ninety days.
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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