HSBC Holdings plc’s (HSBA) “Buy” Rating Reaffirmed at Berenberg Bank
Berenberg Bank restated their buy rating on shares of HSBC Holdings plc (LON:HSBA) in a research note published on Friday morning. The brokerage currently has a GBX 600 ($7.50) target price on the stock.
Several other research analysts also recently commented on the company. 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, November 7th. Citigroup Inc. reiterated a buy rating and issued a GBX 600 ($7.50) price objective on shares of HSBC Holdings plc in a report on Tuesday, August 9th. JPMorgan Chase & Co. lifted 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. Investec reiterated a buy rating on shares of HSBC Holdings plc in a report on Thursday, August 25th. Finally, BNP Paribas restated a neutral rating and set a GBX 540 ($6.75) price target on shares of HSBC Holdings plc in a report on Thursday, September 22nd. 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 stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 563.41 ($7.04).
Shares of HSBC Holdings plc (LON:HSBA) opened at 634.60 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 stock’s market capitalization is GBX 43.15 billion.
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The company also recently disclosed a dividend, which will be paid on Tuesday, December 6th. Investors of record on Thursday, October 20th will be given a GBX 0.10 ($0.00) dividend. This represents a yield of 1.32%. The ex-dividend date of this dividend is Thursday, October 20th.
In other 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 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 HSBC Holdings plc stock in a transaction dated Monday, November 14th. The shares were bought 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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