HSBC Holdings plc’s (HSBA) Neutral Rating Reaffirmed at Macquarie
Macquarie reiterated their neutral rating on shares of HSBC Holdings plc (LON:HSBA) in a research note issued to investors on Thursday. Macquarie currently has a GBX 560 ($7.00) target price on the stock.
Several other equities analysts have also commented on HSBA. Beaufort Securities restated a buy rating on shares of HSBC Holdings plc in a research report on Thursday, August 4th. JPMorgan Chase & Co. restated a neutral rating and set a GBX 460 ($5.75) price target on shares of HSBC Holdings plc in a research report on Thursday, August 4th. AlphaValue reaffirmed a reduce rating and issued a GBX 609 ($7.61) price objective on shares of HSBC Holdings plc in a report on Monday, November 7th. Barclays PLC upped their price objective on shares of HSBC Holdings plc from GBX 550 ($6.87) to GBX 600 ($7.50) and gave the stock an equal weight rating in a report on Tuesday, November 8th. Finally, Morgan Stanley set a GBX 480 ($6.00) price objective on shares of HSBC Holdings plc and gave the stock a sell rating in a report on Monday, November 7th. 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’s stock. The company currently has a consensus rating of Hold and a consensus target price of GBX 560.68 ($7.01).
HSBC Holdings plc (LON:HSBA) traded up 0.35% during trading on Thursday, reaching GBX 634.20. 24,789,340 shares of the company’s stock traded hands. The stock’s market capitalization is GBX 43.13 billion. The company 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 12 month low of GBX 392.37 and a 12 month high of GBX 643.80.
The business also recently announced 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 of this dividend is Thursday, October 20th.
In other HSBC Holdings plc news, insider Marc Moses acquired 20,305 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were acquired at an average price of GBX 620 ($7.75) per share, for a total transaction of £125,891 ($157,285.11). Also, insider Evans,Lord acquired 1,754 shares of the business’s stock in a transaction dated Wednesday, August 31st. The shares were acquired at an average price of GBX 566 ($7.07) per share, for a total transaction of £9,927.64 ($12,403.35).
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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