HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank AG in a report issued on Thursday. They currently have a GBX 525 ($6.50) price objective on the stock. Deutsche Bank AG’s target price would suggest a potential downside of 13.74% from the stock’s current price.
Several other equities research analysts have also issued reports on HSBA. Beaufort Securities restated a “buy” rating on shares of HSBC Holdings plc in a report on Thursday, August 4th. JPMorgan Chase & Co. restated a “neutral” rating and issued a GBX 460 ($5.69) target price on shares of HSBC Holdings plc in a report on Thursday, August 4th. Societe Generale restated a “buy” rating and issued a GBX 510 ($6.31) target price on shares of HSBC Holdings plc in a report on Monday, June 27th. Shore Capital restated a “hold” rating on shares of HSBC Holdings plc in a report on Friday, June 17th. Finally, Citigroup Inc. lowered shares of HSBC Holdings plc to a “neutral” rating and set a GBX 600 ($7.43) target price for the company. in a report on Tuesday, September 13th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. HSBC Holdings plc currently has a consensus rating of “Hold” and an average price target of GBX 513.73 ($6.36).
HSBC Holdings plc (LON:HSBA) opened at 615.90 on Thursday. The stock has a 50 day moving average of GBX 580.42 and a 200 day moving average of GBX 493.53. The company’s market cap is GBX 109.87 billion. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 626.30.
The firm also recently disclosed a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be paid a dividend of GBX 0.10 ($0.00) per share. This represents a yield of 1.32%. The ex-dividend date of this dividend is Thursday, October 20th.
In other HSBC Holdings plc news, insider Evans,Lord acquired 1,754 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was acquired at an average cost of GBX 566 ($7.00) per share, for a total transaction of £9,927.64 ($12,286.68).
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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