HSBC Holdings plc (HSBA) Receives GBX 712.15 Average PT from Brokerages

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%.

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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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