HSBC Holdings plc (HSBA) Price Target Raised to GBX 450 at Morgan Stanley
HSBC Holdings plc (LON:HSBA) had its price objective lifted by Morgan Stanley from GBX 438 ($5.72) to GBX 450 ($5.87) in a research report released on Thursday. The brokerage currently has an underweight rating on the stock.
A number of other equities research analysts have also weighed in on HSBA. Societe Generale reaffirmed a buy rating and set a GBX 510 ($6.66) target price on shares of HSBC Holdings plc in a research note on Friday, September 9th. BNP Paribas reaffirmed a neutral rating and set a GBX 540 ($7.05) target price on shares of HSBC Holdings plc in a research note on Tuesday. Deutsche Bank AG reaffirmed a hold rating and set a GBX 525 ($6.85) target price on shares of HSBC Holdings plc in a research note on Tuesday, September 6th. Investec reaffirmed a buy rating on shares of HSBC Holdings plc in a research note on Thursday, August 25th. Finally, Citigroup Inc. reaffirmed a buy rating on shares of HSBC Holdings plc in a research note on Wednesday, August 31st. Four analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 513.73 ($6.71).
Shares of HSBC Holdings plc (LON:HSBA) traded up 2.80% during midday trading on Thursday, reaching GBX 619.50. 49,862,661 shares of the company’s stock were exchanged. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 620.20. The firm has a 50-day moving average of GBX 568.12 and a 200-day moving average of GBX 486.97. The stock’s market capitalization is GBX 110.51 billion.
The business also recently declared a dividend, which will be paid on Tuesday, December 6th. Investors of record on Thursday, October 20th will be paid a GBX 0.10 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a yield of 1.32%.
In related news, insider Evans,Lord purchased 1,754 shares of the company’s stock in a transaction that occurred on Wednesday, August 31st. The shares were purchased at an average price of GBX 566 ($7.39) per share, with a total value 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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