Brokerages Set HSBC Holdings plc (HSBA) Price Target at $561.67
Shares of HSBC Holdings plc (LON:HSBA) have earned a consensus rating of “Hold” from the twenty-four brokerages that are presently covering the stock. Four equities research analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 565.95 ($7.07).
Several brokerages have recently weighed in on HSBA. Goldman Sachs Group Inc. set a GBX 565 ($7.06) price objective on HSBC Holdings plc and gave the company a “neutral” rating in a report on Monday, July 25th. JPMorgan Chase & Co. raised their price objective on HSBC Holdings plc from GBX 450 ($5.62) to GBX 460 ($5.75) and gave the company a “neutral” rating in a report on Tuesday, July 26th. Citigroup Inc. set a GBX 515 ($6.43) price objective on HSBC Holdings plc and gave the company a “buy” rating in a report on Thursday, July 28th. BNP Paribas restated a “neutral” rating and issued a GBX 400 ($5.00) price objective on shares of HSBC Holdings plc in a report on Monday, August 1st. Finally, Berenberg Bank restated a “buy” rating and issued a GBX 600 ($7.50) price objective on shares of HSBC Holdings plc in a report on Tuesday, August 2nd.
In other HSBC Holdings plc news, insider Evans,Lord acquired 1,754 shares of HSBC Holdings plc stock in a transaction that occurred on Wednesday, August 31st. The shares were bought at an average price of GBX 566 ($7.07) per share, with a total value of £9,927.64 ($12,403.35). Also, insider Marc Moses acquired 20,305 shares of HSBC Holdings plc stock in a transaction that occurred on Monday, November 14th. The stock was acquired at an average cost of GBX 620 ($7.75) per share, for a total transaction of £125,891 ($157,285.11).
HSBC Holdings plc (LON:HSBA) opened at 633.80 on Thursday. The firm’s market cap is GBX 43.10 billion. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 643.80. The firm has a 50-day moving average price of GBX 616.96 and a 200 day moving average price of GBX 524.72.
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 dividend of GBX 0.10 ($0.00) per share. The ex-dividend date is Thursday, October 20th. This represents a dividend yield of 1.32%.
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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