HSBC Holdings plc (HSBA) Rating Reiterated by BNP Paribas
HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reaffirmed by stock analysts at BNP Paribas in a research report issued on Friday. They currently have a GBX 630 ($7.87) price target on the stock. BNP Paribas’ target price points to a potential downside of 0.30% from the company’s current price.
A number of other brokerages have also recently issued reports on HSBA. Macquarie reissued a “neutral” rating and set a GBX 560 ($7.00) price objective on shares of HSBC Holdings plc in a report on Thursday, November 17th. Natixis reissued a “neutral” rating and set a GBX 672 ($8.40) price objective (up previously from GBX 478 ($5.97)) on shares of HSBC Holdings plc in a report on Thursday, November 17th. Deutsche Bank AG increased their price objective on HSBC Holdings plc from GBX 525 ($6.56) to GBX 585 ($7.31) and gave the stock a “hold” rating in a report on Wednesday, October 26th. Goldman Sachs Group Inc. set a GBX 650 ($8.12) price objective on HSBC Holdings plc and gave the stock a “neutral” rating in a report on Monday, October 24th. Finally, JPMorgan Chase & Co. increased their price objective on HSBC Holdings plc from GBX 520 ($6.50) to GBX 560 ($7.00) and gave the stock a “neutral” rating in a report on Monday, October 24th. Four investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 561.14 ($7.01).
HSBC Holdings plc (LON:HSBA) opened at 637.90 on Friday. The company has a 50 day moving average price of GBX 618.44 and a 200-day moving average price of GBX 526.65. The firm’s market capitalization is GBX 43.38 billion. HSBC Holdings plc has a 1-year low of GBX 392.37 and a 1-year high of GBX 643.80.
The firm also recently disclosed a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be issued a GBX 0.10 ($0.00) dividend. This represents a yield of 1.32%. The ex-dividend date is Thursday, October 20th.
In other news, insider Evans,Lord bought 1,754 shares of the stock in a transaction dated Wednesday, August 31st. The stock was bought at an average price of GBX 566 ($7.07) per share, for a total transaction of £9,927.64 ($12,403.35). Also, insider Marc Moses bought 20,305 shares of the stock in a transaction dated Monday, November 14th. The stock was purchased at an average price of GBX 620 ($7.75) per share, with a total value 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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