HSBC Holdings plc (LON:HSBA)‘s stock had its “equal weight” rating reiterated by investment analysts at Barclays PLC in a report released on Thursday. They presently have a GBX 550 ($7.18) price target on the stock. Barclays PLC’s price target would indicate a potential downside of 8.49% from the stock’s previous close.
Several other research analysts have also recently weighed in on HSBA. Beaufort Securities reissued a “buy” rating on shares of HSBC Holdings plc in a report on Thursday, August 4th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 460 ($6.00) price objective on shares of HSBC Holdings plc in a report on Thursday, August 4th. Morgan Stanley set a GBX 415 ($5.42) price objective on shares of HSBC Holdings plc and gave the company a “sell” rating in a report on Wednesday, June 8th. Societe Generale reissued a “buy” rating and set a GBX 510 ($6.66) price objective on shares of HSBC Holdings plc in a report on Monday, June 27th. Finally, Deutsche Bank AG reissued a “hold” rating and set a GBX 525 ($6.85) price objective on shares of HSBC Holdings plc in a report on Tuesday, September 6th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 513.18 ($6.70).
HSBC Holdings plc (LON:HSBA) opened at 602.90 on Thursday. The stock’s 50 day moving average is GBX 566.49 and its 200-day moving average is GBX 486.16. The company’s market capitalization is GBX 107.55 billion. HSBC Holdings plc has a 52-week low of GBX 392.37 and a 52-week high of GBX 603.80.
The business also recently declared a dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Thursday, October 20th will be issued a GBX 0.10 ($0.00) dividend. This represents a dividend yield of 1.32%. The ex-dividend date is Thursday, October 20th.
In related news, insider Evans,Lord purchased 1,754 shares of the business’s stock in a transaction dated Wednesday, August 31st. The shares were purchased at an average cost of GBX 566 ($7.39) per share, for a total transaction of £9,927.64 ($12,958.67).
About HSBC Holdings plc
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).
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