HSBC Holdings plc (HSBA) Rating Reiterated by Goldman Sachs Group Inc.
HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reaffirmed by analysts at Goldman Sachs Group Inc. in a research report issued on Monday. They currently have a GBX 675 ($8.43) target price on the stock. Goldman Sachs Group Inc.’s price target suggests a potential upside of 5.75% from the stock’s current price.
A number of other analysts have also recently commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 600 ($7.50) target price on shares of HSBC Holdings plc in a research report on Tuesday, August 2nd. Citigroup Inc. reissued a “buy” rating and set a GBX 600 ($7.50) price target on shares of HSBC Holdings plc in a report on Tuesday, August 9th. JPMorgan Chase & Co. raised their price target on HSBC Holdings plc from GBX 450 ($5.62) to GBX 460 ($5.75) and gave the stock a “neutral” rating in a report on Tuesday, July 26th. Investec reissued a “buy” rating on shares of HSBC Holdings plc in a report on Thursday, August 25th. Finally, BNP Paribas reissued a “neutral” rating and set a GBX 540 ($6.75) price target on shares of HSBC Holdings plc in a report on Thursday, September 22nd. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 545.73 ($6.82).
HSBC Holdings plc (LON:HSBA) opened at 638.30 on Monday. The company has a 50-day moving average price of GBX 611.14 and a 200-day moving average price of GBX 521.47. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 643.80. The firm’s market cap is GBX 43.40 billion.
The company also recently disclosed a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be given 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 other news, insider Evans,Lord acquired 1,754 shares of the firm’s stock in a transaction on Wednesday, August 31st. The stock was bought at an average cost of GBX 566 ($7.07) per share, with a total value of £9,927.64 ($12,403.35).
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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