HSBC Holdings plc (LON:HSBA) had its price objective lifted by analysts at Morgan Stanley from GBX 438 ($5.72) to GBX 450 ($5.87) in a research note issued on Thursday. The firm presently has an “underweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential downside of 27.10% from the company’s current price.
Other equities analysts have also recently issued research reports about the company. Deutsche Bank AG raised their target price on HSBC Holdings plc from GBX 470 ($6.13) to GBX 480 ($6.27) and gave the stock a “hold” rating in a report on Monday, July 18th. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 460 ($6.00) target price on shares of HSBC Holdings plc in a report on Thursday, August 4th. Citigroup Inc. set a GBX 515 ($6.72) target price on HSBC Holdings plc and gave the stock a “buy” rating in a report on Wednesday, August 3rd. BNP Paribas restated an “underperform” rating and set a GBX 400 ($5.22) target price on shares of HSBC Holdings plc in a report on Tuesday, June 21st. Finally, Societe Generale restated a “buy” rating and set a GBX 555 ($7.24) target price on shares of HSBC Holdings plc in a report on Thursday, August 4th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have given a buy rating to the stock. HSBC Holdings plc currently has a consensus rating of “Hold” and a consensus price target of GBX 513.73 ($6.71).
Shares of HSBC Holdings plc (LON:HSBA) opened at 620.60 on Thursday. The company has a 50 day moving average price of GBX 570.19 and a 200 day moving average price of GBX 487.89. The company’s market cap is GBX 110.71 billion. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 621.70.
The firm also recently announced a dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Thursday, October 20th will be paid a dividend of GBX 0.10 ($0.00) per share. The ex-dividend date of this dividend is Thursday, October 20th. This represents a dividend yield of 1.32%.
In other HSBC Holdings plc news, insider Evans,Lord bought 1,754 shares of HSBC Holdings plc stock in a transaction dated Wednesday, August 31st. The stock was bought at an average cost of GBX 566 ($7.39) per share, for a total transaction of £9,927.64 ($12,958.67).
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).
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