HSBC Holdings plc (HSBA) Coverage Initiated by Analysts at Credit Suisse Group AG
Credit Suisse Group AG started coverage on shares of HSBC Holdings plc (LON:HSBA) in a research note published on Tuesday. The firm issued a neutral rating and a GBX 600 ($7.44) price objective on the stock.
A number of other research analysts have also weighed in on HSBA. Beaufort Securities reaffirmed a buy rating on shares of HSBC Holdings plc in a report on Thursday, August 4th. JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 460 ($5.71) target price on shares of HSBC Holdings plc in a report on Thursday, August 4th. Morgan Stanley set a GBX 480 ($5.95) target price on HSBC Holdings plc and gave the company a sell rating in a report on Monday, November 7th. AlphaValue reaffirmed a reduce rating and set a GBX 609 ($7.55) target price on shares of HSBC Holdings plc in a report on Monday, November 7th. Finally, Goldman Sachs Group Inc. reaffirmed a neutral rating and set a GBX 685 ($8.50) target price on shares of HSBC Holdings plc in a report on Sunday. Four analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of GBX 565 ($7.01).
HSBC Holdings plc (LON:HSBA) opened at 634.00 on Tuesday. The company’s market cap is GBX 124.29 billion. The company has a 50-day moving average of GBX 623.67 and a 200-day moving average of GBX 533.87. HSBC Holdings plc has a one year low of GBX 392.37 and a one year high of GBX 645.60.
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The company also recently announced a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be given a dividend of GBX 0.10 ($0.00) per share. This represents a yield of 1.32%. The ex-dividend date is Thursday, October 20th.
In other news, insider Marc Moses bought 20,305 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was acquired at an average cost of GBX 620 ($7.69) per share, with a total value of £125,891 ($156,172.93).
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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