HSBC Holdings plc (HSBA) Receives “Hold” Rating from Deutsche Bank AG
Deutsche Bank AG reissued their hold rating on shares of HSBC Holdings plc (LON:HSBA) in a research report report published on Thursday morning. Deutsche Bank AG currently has a GBX 579 ($7.23) price target on the stock.
A number of other research analysts have also weighed in on the stock. Societe Generale reissued a buy rating and set a GBX 510 ($6.37) target price on shares of HSBC Holdings plc in a research report on Friday, September 9th. BNP Paribas reissued a neutral rating and set a GBX 540 ($6.75) target price on shares of HSBC Holdings plc in a research report on Tuesday, October 4th. Morgan Stanley boosted their target price on shares of HSBC Holdings plc from GBX 438 ($5.47) to GBX 450 ($5.62) and gave the stock an underweight rating in a research report on Thursday, October 6th. Barclays PLC reissued an equal weight rating and set a GBX 550 ($6.87) target price on shares of HSBC Holdings plc in a research report on Thursday, October 6th. Finally, Investec reissued a buy rating on shares of HSBC Holdings plc in a research report on Thursday, August 25th. Four equities research 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’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 561.14 ($7.01).
Shares of HSBC Holdings plc (LON:HSBA) opened at 640.70 on Thursday. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 645.60. The stock’s 50 day moving average price is GBX 621.66 and its 200 day moving average price is GBX 530.30. The firm’s market capitalization is GBX 43.57 billion.
The firm also recently disclosed a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be paid 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 firm’s stock in a transaction on Wednesday, August 31st. The shares were purchased at an average cost of GBX 566 ($7.07) per share, with a total value of £9,927.64 ($12,403.35). Also, insider Marc Moses bought 20,305 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was purchased at an average cost of GBX 620 ($7.75) per share, for a total transaction of £125,891 ($157,285.11).
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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