Morgan Stanley Analysts Give HSBC Holdings plc (HSBA) a GBX 850 Price Target
Morgan Stanley set a GBX 850 ($11.27) price target on HSBC Holdings plc (LON:HSBA) in a report published on Thursday morning. The brokerage currently has a buy rating on the financial services provider’s stock.
Several other brokerages have also issued reports on HSBA. Deutsche Bank AG reissued a hold rating and set a GBX 640 ($8.49) target price on shares of HSBC Holdings plc in a research note on Wednesday, June 7th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and set a GBX 740 ($9.82) target price on shares of HSBC Holdings plc in a research note on Friday, June 9th. Investec lowered shares of HSBC Holdings plc to a sell rating and set a GBX 640 ($8.49) target price on the stock. in a research note on Monday, June 12th. Citigroup Inc. reissued a buy rating and set a GBX 725 ($9.62) target price on shares of HSBC Holdings plc in a research note on Friday, June 16th. Finally, UBS AG set a GBX 680 ($9.02) target price on shares of HSBC Holdings plc and gave the stock a neutral rating in a research note on Wednesday, June 28th. Three equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of GBX 708.40 ($9.40).
HSBC Holdings plc (HSBA) opened at 756.90 on Thursday. HSBC Holdings plc has a 12 month low of GBX 518.17 and a 12 month high of GBX 772.00. The stock’s 50 day moving average is GBX 735.40 and its 200-day moving average is GBX 701.71. The company’s market capitalization is GBX 153.42 billion.
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The business also recently disclosed a dividend, which was paid on Wednesday, September 20th. Investors of record on Thursday, August 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, August 3rd. This represents a yield of 1.02%.
In other news, insider Douglas J. Flint acquired 58 shares of HSBC Holdings plc stock in a transaction that occurred on Wednesday, September 20th. The stock was bought at an average price of GBX 724 ($9.60) per share, with a total value of £419.92 ($557.00). Also, insider Stuart Thomson Gulliver sold 138,143 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.71), for a total transaction of £1,011,206.76 ($1,341,300.92). Insiders have purchased 27,202 shares of company stock valued at $20,337,321 in the last 90 days.
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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