Bankhaus Lampe Analysts Give HSBC Holdings plc (HSBA) a GBX 600 Price Target
HSBC Holdings plc (LON:HSBA) has been assigned a GBX 600 ($7.50) price target by research analysts at Bankhaus Lampe in a research note issued on Monday. The brokerage currently has a “neutral” rating on the stock. Bankhaus Lampe’s price target points to a potential downside of 6.32% from the company’s current price.
Several other equities analysts also recently issued reports on the stock. Goldman Sachs Group Inc. set a GBX 650 ($8.12) price target on shares of HSBC Holdings plc and gave the company a “neutral” rating in a report on Monday, November 7th. Berenberg Bank reissued a “buy” rating and set a GBX 600 ($7.50) price target on shares of HSBC Holdings plc in a report on Tuesday, August 2nd. Citigroup Inc. reissued a “buy” rating and set a GBX 600 ($7.50) price target on shares of HSBC Holdings plc in a report on Tuesday, August 9th. JPMorgan Chase & Co. boosted their price target on shares of HSBC Holdings plc from GBX 520 ($6.50) to GBX 560 ($7.00) and gave the company a “neutral” rating in a report on Monday, October 24th. Finally, Investec reissued a “buy” rating on shares of HSBC Holdings plc in a report on Thursday, August 25th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of GBX 563.41 ($7.04).
Shares of HSBC Holdings plc (LON:HSBA) opened at 631.135 on Monday. The firm’s market capitalization is GBX 42.92 billion. HSBC Holdings plc has a 1-year low of GBX 392.37 and a 1-year high of GBX 645.60. The firm’s 50 day moving average is GBX 622.74 and its 200 day moving average is GBX 531.07.
The company 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%.
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In related news, insider Evans,Lord bought 1,754 shares of HSBC Holdings plc stock in a transaction that occurred on Wednesday, August 31st. The stock was purchased at an average cost 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 HSBC Holdings plc 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, 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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