HSBC Holdings plc (HSBA) Earns Outperform Rating from BNP Paribas
BNP Paribas reissued their outperform rating on shares of HSBC Holdings plc (LON:HSBA) in a research note issued to investors on Thursday. The firm currently has a GBX 720 ($8.89) price target on the stock.
Several other research firms also recently commented on HSBA. S&P Global set a GBX 720 ($8.89) price objective on shares of HSBC Holdings plc and gave the stock a neutral rating in a research note on Tuesday, February 21st. Morgan Stanley set a GBX 645 ($7.97) price objective on shares of HSBC Holdings plc and gave the stock a neutral rating in a research note on Tuesday, December 6th. Deutsche Bank AG lowered their price objective on shares of HSBC Holdings plc from GBX 660 ($8.15) to GBX 635 ($7.84) and set a hold rating for the company in a research note on Wednesday, February 22nd. Goldman Sachs Group Inc set a GBX 750 ($9.26) price objective on shares of HSBC Holdings plc and gave the stock a neutral rating in a research note on Monday, February 27th. Finally, Credit Suisse Group AG reiterated a neutral rating and set a GBX 600 ($7.41) price objective on shares of HSBC Holdings plc in a research note on Thursday, March 9th. Three analysts have rated the stock with a sell rating, fifteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of GBX 608.30 ($7.51).
HSBC Holdings plc (LON:HSBA) opened at 658.50 on Thursday. HSBC Holdings plc has a one year low of GBX 392.37 and a one year high of GBX 715.20. The stock has a 50 day moving average price of GBX 675.20 and a 200-day moving average price of GBX 640.00. The firm’s market cap is GBX 128.49 billion.
Your IP Address:
The company also recently announced a dividend, which will be paid on Thursday, April 6th. Shareholders of record on Thursday, February 23rd will be issued a GBX 0.21 ($0.00) dividend. This represents a yield of 2.53%. This is a positive change from HSBC Holdings plc’s previous dividend of $0.10. The ex-dividend date is Thursday, February 23rd.
In other news, insider Lord Evans bought 1,483 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The shares were bought at an average cost of GBX 674 ($8.32) per share, for a total transaction of £9,995.42 ($12,344.60). Also, insider Stuart Thomson Gulliver sold 122,505 shares of the business’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of GBX 650 ($8.03), for a total transaction of £796,282.50 ($983,429.05). Over the last quarter, insiders acquired 1,528 shares of company stock worth $1,029,632 and sold 482,557 shares worth $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.
Receive News & Stock Ratings for HSBC Holdings plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HSBC Holdings plc and related stocks with our FREE daily email newsletter.