Goldman Sachs Group Inc. reiterated their neutral rating on shares of HSBC Holdings plc (LON:HSBA) in a report released on Sunday morning. Goldman Sachs Group Inc. currently has a GBX 685 ($8.56) target price on the stock.
Several other equities analysts have also recently issued reports on the stock. Berenberg Bank reissued a buy rating and issued a GBX 600 ($7.50) price objective on shares of HSBC Holdings plc in a research note on Tuesday, August 2nd. Citigroup Inc. restated a buy rating and set a GBX 600 ($7.50) target price on shares of HSBC Holdings plc in a research report on Tuesday, August 9th. JPMorgan Chase & Co. boosted their target price on shares of HSBC Holdings plc from GBX 520 ($6.50) to GBX 560 ($7.00) and gave the stock a neutral rating in a research report on Monday, October 24th. Investec restated a buy rating on shares of HSBC Holdings plc in a research report on Thursday, August 25th. Finally, BNP Paribas restated a neutral rating and set a GBX 540 ($6.75) target price on shares of HSBC Holdings plc in a research report on Thursday, September 22nd. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of GBX 561.14 ($7.01).
Shares of HSBC Holdings plc (LON:HSBA) opened at 641.00 on Friday. The stock’s 50 day moving average is GBX 622.74 and its 200 day moving average is GBX 531.07. HSBC Holdings plc has a 12 month low of GBX 392.37 and a 12 month high of GBX 645.60. The company’s market capitalization is GBX 43.59 billion.
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The business also recently declared a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be issued a GBX 0.10 ($0.00) dividend. This represents a yield of 1.32%. The ex-dividend date is Thursday, October 20th.
In related news, insider Marc Moses purchased 20,305 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was purchased at an average price of GBX 620 ($7.75) per share, for a total transaction of £125,891 ($157,285.11). Also, insider Evans,Lord purchased 1,754 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was bought at an average price of GBX 566 ($7.07) per share, with a total value of £9,927.64 ($12,403.35).
HSBC Holdings plc Company Profile
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).