Brokerages Set HSBC Holdings plc (HSBA) Target Price at $659.00
HSBC Holdings plc (LON:HSBA) has received an average rating of “Hold” from the twenty-one ratings firms that are currently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, fourteen have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 679.15 ($8.84).
A number of research firms have recently commented on HSBA. UBS AG set a GBX 630 ($8.20) price objective on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research report on Thursday, May 4th. Berenberg Bank lowered shares of HSBC Holdings plc to a “hold” rating and set a GBX 600 ($7.81) price objective for the company. in a research report on Tuesday, July 4th. Citigroup Inc. reiterated a “buy” rating on shares of HSBC Holdings plc in a research report on Friday, July 21st. J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 690 ($8.99) target price on shares of HSBC Holdings plc in a research report on Friday, June 30th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and set a GBX 755 ($9.83) target price on shares of HSBC Holdings plc in a research report on Wednesday, July 26th.
In other HSBC Holdings plc news, insider Lord Evans bought 2,239 shares of HSBC Holdings plc stock in a transaction on Friday, May 19th. The shares were acquired at an average price of GBX 666 ($8.67) per share, for a total transaction of £14,911.74 ($19,418.86). Also, insider Jonathan Symonds bought 10,000 shares of HSBC Holdings plc stock in a transaction on Tuesday, August 1st. The stock was acquired at an average price of GBX 766 ($9.98) per share, for a total transaction of £76,600 ($99,752.57). Insiders have bought a total of 12,303 shares of company stock valued at $9,196,209 over the last quarter.
Shares of HSBC Holdings plc (LON HSBA) opened at 750.40 on Monday. HSBC Holdings plc has a 1-year low of GBX 518.17 and a 1-year high of GBX 772.00. The company’s market cap is GBX 152.10 billion. The company has a 50 day moving average of GBX 732.90 and a 200 day moving average of GBX 684.19.
The company also recently announced a dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Thursday, August 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a dividend yield of 1.02%.
ILLEGAL ACTIVITY WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/10/brokerages-set-hsbc-holdings-plc-hsba-target-price-at-659-00-updated-updated-updated.html.
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.
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.