HSBC Holdings plc’s (LON:HSBA) “Outperform” Rating Reiterated at BNP Paribas
BNP Paribas reiterated their outperform rating on shares of HSBC Holdings plc (LON:HSBA) in a research report sent to investors on Wednesday morning. BNP Paribas currently has a GBX 715 ($9.34) target price on the financial services provider’s stock.
Several other analysts have also weighed in on the company. Deutsche Bank AG upped their target price on HSBC Holdings plc from GBX 640 ($8.36) to GBX 695 ($9.08) and gave the company a hold rating in a report on Tuesday. Morgan Stanley set a GBX 850 ($11.10) target price on HSBC Holdings plc and gave the company a buy rating in a report on Monday. Credit Suisse Group reissued a neutral rating and issued a GBX 630 ($8.23) target price on shares of HSBC Holdings plc in a report on Thursday, July 6th. Berenberg Bank lowered HSBC Holdings plc to a hold rating and set a GBX 600 ($7.83) target price on the stock. in a report on Tuesday, July 4th. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a GBX 690 ($9.01) target price on shares of HSBC Holdings plc in a report on Friday, June 30th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of GBX 662.55 ($8.65).
Shares of HSBC Holdings plc (LON:HSBA) traded up 0.23% on Wednesday, hitting GBX 740.50. The stock had a trading volume of 17,913,029 shares. The stock’s market cap is GBX 144.86 billion. The firm has a 50 day moving average of GBX 704.66 and a 200 day moving average of GBX 675.29. HSBC Holdings plc has a 12 month low of GBX 482.05 and a 12 month high of GBX 751.66.
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The firm also recently announced a dividend, which was paid on Wednesday, July 5th. Investors of record on Thursday, May 18th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, May 18th. This represents a yield of 1.17%.
In other HSBC Holdings plc news, insider Douglas J. Flint sold 150,000 shares of the company’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of GBX 661 ($8.63), for a total transaction of £991,500 ($1,294,724.47). Also, insider Lord Evans purchased 2,239 shares of the company’s stock in a transaction on Friday, May 19th. The shares were purchased at an average price of GBX 666 ($8.70) per share, with a total value of £14,911.74 ($19,472.11). Insiders have purchased 2,306 shares of company stock worth $1,535,938 over the last quarter.
HSBC Holdings plc Company Profile
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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