HSBC Holdings plc (HSBA) Receives Neutral Rating from Natixis
Natixis restated their neutral rating on shares of HSBC Holdings plc (LON:HSBA) in a report published on Thursday. They currently have a GBX 672 ($8.40) price target on the stock, up from their previous price target of GBX 478 ($5.97).
Other equities research analysts have also recently issued reports about the stock. Citigroup Inc. set a GBX 515 ($6.43) price target on shares of HSBC Holdings plc and gave the stock a buy rating in a research note on Thursday, July 28th. Berenberg Bank reaffirmed a buy rating and set a GBX 600 ($7.50) price target on shares of HSBC Holdings plc in a research note on Tuesday, August 2nd. Beaufort Securities reissued a buy rating on shares of HSBC Holdings plc in a research report on Thursday, August 4th. Societe Generale reissued a buy rating and issued a GBX 555 ($6.93) target price on shares of HSBC Holdings plc in a research report on Thursday, August 4th. Finally, Investec reissued a buy rating on shares of HSBC Holdings plc in a research report on Thursday, August 25th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Hold and an average price target of GBX 560.68 ($7.01).
HSBC Holdings plc (LON:HSBA) traded up 0.28% on Thursday, reaching GBX 633.80. 29,386,482 shares of the company’s stock traded hands. The stock has a 50-day moving average of GBX 614.23 and a 200 day moving average of GBX 523.47. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 643.80. The firm’s market capitalization is GBX 43.10 billion.
The company also recently declared a dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Thursday, October 20th will be issued a dividend of GBX 0.10 ($0.00) per share. This represents a dividend yield of 1.32%. The ex-dividend date is Thursday, October 20th.
In related news, insider Evans,Lord acquired 1,754 shares of the business’s stock in a transaction that occurred on Wednesday, August 31st. The shares were acquired at an average cost of GBX 566 ($7.07) per share, for a total transaction of £9,927.64 ($12,403.35). Also, insider Marc Moses acquired 20,305 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The shares were bought at an average price of GBX 620 ($7.75) per share, for a total transaction of £125,891 ($157,285.11).
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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