HSBC Holdings plc (HSBA) Receives Hold Rating from Deutsche Bank AG
Deutsche Bank AG reissued their hold rating on shares of HSBC Holdings plc (LON:HSBA) in a research note published on Thursday. Deutsche Bank AG currently has a GBX 525 ($6.50) price objective on the stock.
Other research analysts have also issued research reports about the company. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 460 ($5.69) target price on shares of HSBC Holdings plc in a report on Thursday, August 4th. Citigroup Inc. set a GBX 515 ($6.37) price objective on HSBC Holdings plc and gave the stock a buy rating in a report on Wednesday, August 3rd. BNP Paribas reissued an underperform rating and set a GBX 400 ($4.95) price objective on shares of HSBC Holdings plc in a report on Tuesday, June 21st. Societe Generale reissued a buy rating and set a GBX 555 ($6.87) price objective on shares of HSBC Holdings plc in a report on Thursday, August 4th. Finally, Goldman Sachs Group Inc. reissued a neutral rating and set a GBX 565 ($6.99) price objective on shares of HSBC Holdings plc in a report on Tuesday, June 28th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company. HSBC Holdings plc currently has an average rating of Hold and a consensus target price of GBX 513.73 ($6.36).
Shares of HSBC Holdings plc (LON:HSBA) traded up 1.91% on Thursday, reaching GBX 620.50. 14,993,691 shares of the company were exchanged. The stock’s 50-day moving average is GBX 578.29 and its 200 day moving average is GBX 492.65. The firm’s market capitalization is GBX 110.69 billion. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 621.90.
The company also recently declared a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be issued 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 business’s stock in a transaction on Wednesday, August 31st. The stock was acquired at an average price 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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