Deutsche Bank AG Analysts Give HSBC Holdings plc (HSBA) a GBX 635 Price Target
Several other equities research analysts have also commented on the company. Goldman Sachs Group Inc set a GBX 775 ($9.57) target price on HSBC Holdings plc and gave the company a neutral rating in a research report on Monday, January 16th. JPMorgan Chase & Co. set a GBX 600 ($7.41) price target on HSBC Holdings plc and gave the stock a neutral rating in a report on Monday, December 12th. Morgan Stanley set a GBX 745 ($9.20) price target on HSBC Holdings plc and gave the stock a neutral rating in a report on Wednesday, January 18th. Natixis reiterated a neutral rating and issued a GBX 672 ($8.30) price target (up previously from GBX 478 ($5.90)) on shares of HSBC Holdings plc in a report on Thursday, November 17th. Finally, Berenberg Bank reiterated a buy rating and issued a GBX 600 ($7.41) price target on shares of HSBC Holdings plc in a report on Friday, November 25th. Three equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 608.30 ($7.51).
HSBC Holdings plc (LON:HSBA) opened at 658.50 on Thursday. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 715.20. The firm has a 50-day moving average of GBX 675.20 and a 200-day moving average of GBX 640.00. The stock’s market cap is GBX 128.49 billion.
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The firm also recently declared a dividend, which will be paid on Thursday, April 6th. Investors of record on Thursday, February 23rd will be given a dividend of GBX 0.21 ($0.00) per share. This represents a dividend yield of 2.53%. This is an increase from HSBC Holdings plc’s previous dividend of $0.10. The ex-dividend date is Thursday, February 23rd.
In related news, insider Douglas J. Flint sold 138,888 shares of the stock in a transaction that occurred on Thursday, February 23rd. The stock was sold at an average price of GBX 662 ($8.18), for a total transaction of £919,438.56 ($1,135,529.90). Also, insider Marc Moses sold 221,164 shares of the stock in a transaction that occurred on Monday, March 13th. The shares were sold at an average price of GBX 673 ($8.31), for a total value of £1,488,433.72 ($1,838,253.33). Over the last ninety days, insiders have purchased 1,528 shares of company stock valued at $1,029,632 and have sold 482,557 shares valued at $320,415,478.
About HSBC Holdings plc
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through four businesses: Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB). It operates across various geographical regions, which include Europe, Asia, Middle East and North Africa, North America and Latin America.
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