Barclays PLC Boosts HSBC Holdings plc (HSBA) Price Target to GBX 600
HSBC Holdings plc (LON:HSBA) had its price objective lifted by Barclays PLC from GBX 550 ($6.81) to GBX 600 ($7.43) in a report released on Tuesday. They currently have an equal weight rating on the stock.
Several other equities research analysts also recently issued reports on HSBA. Citigroup Inc. set a GBX 515 ($6.38) target price on HSBC Holdings plc and gave the stock a buy rating in a research report on Thursday, July 28th. Beaufort Securities restated a buy rating on shares of HSBC Holdings plc in a research report on Thursday, August 4th. Berenberg Bank restated a buy rating and set a GBX 600 ($7.43) target price on shares of HSBC Holdings plc in a research report on Tuesday, August 2nd. Societe Generale restated a buy rating and set a GBX 555 ($6.87) target price on shares of HSBC Holdings plc in a research report on Thursday, August 4th. Finally, Investec restated a buy rating on shares of HSBC Holdings plc in a research report on Thursday, August 25th. Five investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the stock. HSBC Holdings plc currently has a consensus rating of Hold and a consensus price target of GBX 544.59 ($6.75).
Shares of HSBC Holdings plc (LON:HSBA) opened at 616.70 on Tuesday. The company’s market cap is GBX 110.01 billion. HSBC Holdings plc has a 12 month low of GBX 392.37 and a 12 month high of GBX 637.90. The company’s 50-day moving average price is GBX 607.02 and its 200-day moving average price is GBX 517.64.
The firm also recently disclosed a dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Thursday, October 20th will be given a dividend of GBX 0.10 ($0.00) per share. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, October 20th.
In other HSBC Holdings plc news, insider Evans,Lord acquired 1,754 shares of the business’s stock in a transaction dated Wednesday, August 31st. The stock was purchased at an average price of GBX 566 ($7.01) per share, with a total value of £9,927.64 ($12,297.34).
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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