HSBC Holdings plc (HSBA) Receives “Equal weight” Rating from Barclays PLC
A number of other equities analysts have also recently commented on HSBA. Morgan Stanley set a GBX 415 ($5.42) target price on HSBC Holdings plc and gave the stock a sell rating in a report on Wednesday, June 8th. Shore Capital restated a hold rating on shares of HSBC Holdings plc in a report on Thursday, June 9th. Bankhaus Lampe set a GBX 600 ($7.83) price objective on HSBC Holdings plc and gave the company a buy rating in a report on Monday, June 13th. Goldman Sachs Group Inc. dropped their price objective on HSBC Holdings plc from GBX 595 ($7.77) to GBX 580 ($7.57) and set a neutral rating for the company in a report on Wednesday, June 15th. Finally, Deutsche Bank AG restated a hold rating and set a GBX 441 ($5.76) price objective on shares of HSBC Holdings plc in a report on Thursday, June 16th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 513.73 ($6.71).
HSBC Holdings plc (LON:HSBA) traded up 2.80% during trading on Thursday, reaching GBX 619.50. The company’s stock had a trading volume of 43,225,053 shares. The firm’s 50-day moving average price is GBX 568.12 and its 200 day moving average price is GBX 486.97. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 620.20. The company’s market capitalization is GBX 110.51 billion.
The business also recently announced a dividend, which will be paid on Tuesday, December 6th. Stockholders 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 dividend yield of 1.32%.
In related news, insider Evans,Lord bought 1,754 shares of the stock in a transaction dated Wednesday, August 31st. The shares were purchased at an average price of GBX 566 ($7.39) per share, for a total transaction 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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