BNP Paribas reiterated their outperform rating on shares of HSBC Holdings plc (LON:HSBA) in a research report report published on Thursday. They currently have a GBX 720 ($8.89) price target on the stock.
Several other equities research analysts have also recently issued reports on HSBA. Berenberg Bank reissued a buy rating and issued a GBX 600 ($7.41) target price on shares of HSBC Holdings plc in a research report on Friday, November 25th. Barclays PLC raised their target price on shares of HSBC Holdings plc from GBX 600 ($7.41) to GBX 670 ($8.27) and gave the stock an equal weight rating in a research report on Friday, January 6th. Deutsche Bank AG reissued a hold rating and issued a GBX 579 ($7.15) target price on shares of HSBC Holdings plc in a research report on Thursday, November 24th. Beaufort Securities reissued a hold rating and issued a GBX 690 ($8.52) target price on shares of HSBC Holdings plc in a research report on Wednesday, February 22nd. Finally, JPMorgan Chase & Co. set a GBX 600 ($7.41) target price on shares of HSBC Holdings plc and gave the stock a neutral rating in a research report on Monday, December 12th. Three investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 608.30 ($7.51).
HSBC Holdings plc (LON:HSBA) opened at 658.50 on Thursday. The firm has a 50-day moving average of GBX 675.20 and a 200 day moving average of GBX 640.00. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 715.20. The firm’s market capitalization is GBX 128.49 billion.
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The company also recently disclosed a dividend, which will be paid on Thursday, April 6th. Stockholders of record on Thursday, February 23rd will be paid a dividend of GBX 0.21 ($0.00) per share. The ex-dividend date is Thursday, February 23rd. This represents a dividend yield of 2.53%. This is a positive change from HSBC Holdings plc’s previous dividend of $0.10.
In related news, insider Marc Moses sold 221,164 shares of HSBC Holdings plc stock in a transaction on Monday, March 13th. The shares were sold at an average price of GBX 673 ($8.31), for a total value of £1,488,433.72 ($1,838,253.33). Also, insider Stuart Thomson Gulliver sold 122,505 shares of HSBC Holdings plc stock in a transaction on Monday, February 27th. The stock was sold at an average price of GBX 650 ($8.03), for a total transaction of £796,282.50 ($983,429.05). In the last quarter, insiders have bought 1,528 shares of company stock worth $1,029,632 and have sold 482,557 shares worth $320,415,478.
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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