HSBC Holdings plc (HSBA) Receives Neutral Rating from BNP Paribas
BNP Paribas reaffirmed their neutral rating on shares of HSBC Holdings plc (LON:HSBA) in a research note released on Tuesday morning. The firm currently has a GBX 540 ($7.05) target price on the stock.
HSBA has been the subject of a number of other research reports. JPMorgan Chase & Co. lifted their price target on HSBC Holdings plc from GBX 460 ($6.00) to GBX 520 ($6.79) and gave the company a neutral rating in a research report on Tuesday, September 6th. Beaufort Securities reiterated a buy rating on shares of HSBC Holdings plc in a research report on Thursday, August 4th. Deutsche Bank AG reissued a hold rating and set a GBX 514 ($6.71) price objective on shares of HSBC Holdings plc in a report on Tuesday, August 16th. Societe Generale reissued a buy rating on shares of HSBC Holdings plc in a report on Friday, June 17th. Finally, Barclays PLC set a GBX 550 ($7.18) price objective on HSBC Holdings plc and gave the company a neutral rating in a report on Tuesday, September 6th. Four investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 513.18 ($6.70).
HSBC Holdings plc (LON:HSBA) remained flat at GBX 596.20 during trading on Tuesday. The company had a trading volume of 14,227,540 shares. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 601.90. The company’s market capitalization is GBX 106.36 billion. The stock’s 50 day moving average price is GBX 565.05 and its 200 day moving average price is GBX 485.09.
The company also recently declared a dividend, which will be paid on Tuesday, December 6th. Investors 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 is Thursday, October 20th.
In other news, insider Evans,Lord purchased 1,754 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The stock was bought at an average cost of GBX 566 ($7.39) per share, with a total value 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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