Goldman Sachs Group Inc. Reiterates Neutral Rating for HSBC Holdings plc (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating restated by investment analysts at Goldman Sachs Group Inc. in a report released on Sunday. They currently have a GBX 685 ($8.56) price target on the stock. Goldman Sachs Group Inc.’s target price suggests a potential upside of 6.86% from the stock’s previous close.
HSBA has been the subject of several other reports. Societe Generale reiterated a “buy” rating and issued a GBX 510 ($6.37) price target 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) price objective on shares of HSBC Holdings plc in a research note on Tuesday, October 4th. Morgan Stanley lifted their price objective on HSBC Holdings plc from GBX 438 ($5.47) to GBX 450 ($5.62) and gave the company an “underweight” rating in a research note on Thursday, October 6th. Deutsche Bank AG reissued a “hold” rating and set a GBX 525 ($6.56) price objective on shares of HSBC Holdings plc in a research note on Thursday, October 13th. Finally, Barclays PLC reissued an “equal weight” rating and set a GBX 550 ($6.87) price objective on shares of HSBC Holdings plc in a research note on Thursday, October 6th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of GBX 561.14 ($7.01).
Shares of HSBC Holdings plc (LON:HSBA) opened at 641.00 on Friday. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 645.60. The stock has a 50 day moving average price of GBX 622.74 and a 200 day moving average price of GBX 531.07. The firm’s market cap is GBX 43.59 billion.
The business also recently declared a dividend, which will be paid on Tuesday, December 6th. Investors of record on Thursday, October 20th will be paid a GBX 0.10 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a dividend yield of 1.32%.
In related news, insider Evans,Lord purchased 1,754 shares of the business’s 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, for a total transaction of £9,927.64 ($12,403.35). Also, insider Marc Moses purchased 20,305 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was bought at an average price 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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