Goldman Sachs Group, Inc. (The) set a GBX 845 ($11.23) price target on HSBC Holdings plc (LON:HSBA) in a research report report published on Monday. The firm currently has a neutral rating on the financial services provider’s stock.
HSBA has been the topic of a number of other research reports. BNP Paribas reaffirmed an outperform rating and issued a GBX 715 ($9.50) price target on shares of HSBC Holdings plc in a report on Wednesday, July 19th. Barclays PLC lifted their price target on shares of HSBC Holdings plc from GBX 650 ($8.64) to GBX 700 ($9.30) and gave the stock an equal weight rating in a report on Tuesday, August 1st. Shore Capital reaffirmed a sell rating on shares of HSBC Holdings plc in a report on Monday, July 31st. Morgan Stanley reaffirmed an overweight rating and issued a GBX 850 ($11.29) price target on shares of HSBC Holdings plc in a report on Friday, September 29th. Finally, Credit Suisse Group set a GBX 630 ($8.37) price target on shares of HSBC Holdings plc and gave the stock a neutral rating in a report on Monday, July 31st. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 712.15 ($9.46).
HSBC Holdings plc (HSBA) opened at 745.70 on Monday. The company’s market cap is GBX 151.15 billion. The stock’s 50 day moving average price is GBX 737.57 and its 200-day moving average price is GBX 707.91. HSBC Holdings plc has a 52 week low of GBX 518.17 and a 52 week high of GBX 772.00.
The company also recently declared a dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Thursday, October 12th will be given 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 other 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 transaction of £1,011,206.76 ($1,343,617.80). Also, insider Douglas J. Flint purchased 58 shares of HSBC Holdings plc stock in a transaction dated Wednesday, September 20th. The shares were purchased at an average price of GBX 724 ($9.62) per share, with a total value of £419.92 ($557.96). Insiders have bought a total of 27,202 shares of company stock valued at $20,337,321 over the last 90 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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