Macquarie Reiterates “Neutral” Rating for HSBC Holdings plc (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reaffirmed by research analysts at Macquarie in a research note issued on Wednesday. They presently have a GBX 560 ($6.94) price target on the stock. Macquarie’s price target would suggest a potential downside of 10.44% from the company’s current price.
A number of other equities research analysts also recently commented on HSBA. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 500 ($6.19) target price on shares of HSBC Holdings plc in a research report on Tuesday, July 12th. Citigroup Inc. set a GBX 515 ($6.38) target price on shares of HSBC Holdings plc and gave the stock a “buy” rating in a research report on Wednesday, July 13th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 400 ($4.95) target price on shares of HSBC Holdings plc in a research report on Friday, July 15th. Deutsche Bank AG lifted their target price on shares of HSBC Holdings plc from GBX 470 ($5.82) to GBX 480 ($5.95) and gave the stock a “hold” rating in a research report on Monday, July 18th. Finally, Goldman Sachs Group Inc. set a GBX 565 ($7.00) price objective on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research report on Monday, July 25th. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 544.59 ($6.75).
HSBC Holdings plc (LON:HSBA) opened at 617.60 on Wednesday. HSBC Holdings plc has a 1-year low of GBX 392.37 and a 1-year high of GBX 637.90. The company has a 50-day moving average price of GBX 607.02 and a 200-day moving average price of GBX 517.64. The company’s market cap is GBX 110.17 billion.
The business also recently announced a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be paid a GBX 0.10 ($0.00) dividend. The ex-dividend date is Thursday, October 20th. This represents a yield of 1.32%.
In related news, insider Evans,Lord bought 1,754 shares of the company’s stock in a transaction on Wednesday, August 31st. The shares were acquired at an average cost of GBX 566 ($7.01) per share, for a total transaction of £9,927.64 ($12,297.34).
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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