HSBC Holdings plc (LON:HSBA) has been given a consensus recommendation of “Hold” by the twenty-one research firms that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 712.15 ($9.46).
A number of analysts recently issued reports on HSBA shares. J P Morgan Chase & Co set a GBX 690 ($9.17) price objective on HSBC Holdings plc and gave the stock a “neutral” rating in a report on Thursday, August 10th. Citigroup Inc. set a GBX 850 ($11.29) price objective on HSBC Holdings plc and gave the stock a “buy” rating in a report on Friday, August 4th. Barclays PLC increased their price objective on 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. Goldman Sachs Group Inc reissued a “neutral” rating and set a GBX 770 ($10.23) price objective on shares of HSBC Holdings plc in a report on Tuesday, August 1st. Finally, Deutsche Bank AG increased their price objective on HSBC Holdings plc from GBX 695 ($9.23) to GBX 737 ($9.79) and gave the stock a “hold” rating in a report on Tuesday, August 1st.
In related news, insider Marc Moses purchased 17,083 shares of HSBC Holdings plc stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average cost of GBX 737 ($9.79) per share, for a total transaction of £125,901.71 ($167,289.01). Also, insider Jonathan Symonds purchased 10,000 shares of HSBC Holdings plc stock in a transaction that occurred on Tuesday, August 1st. The shares were bought at an average price of GBX 766 ($10.18) per share, for a total transaction of £76,600 ($101,780.49). Insiders have bought a total of 27,202 shares of company stock worth $20,337,321 over the last quarter.
Shares of HSBC Holdings plc (LON HSBA) traded up 0.77% on Wednesday, hitting GBX 748.60. The company had a trading volume of 22,009,430 shares. HSBC Holdings plc has a 1-year low of GBX 518.17 and a 1-year high of GBX 772.00. The firm’s market capitalization is GBX 151.74 billion. The company has a 50 day moving average price of GBX 737.56 and a 200 day moving average price of GBX 708.43.
The company also recently disclosed 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%.
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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