J P Morgan Chase & Co reissued their neutral rating on shares of HSBC Holdings plc (LON:HSBA) in a report released on Tuesday morning. They currently have a GBX 690 ($9.11) target price on the financial services provider’s stock.

A number of other research analysts have also recently issued reports on HSBA. UBS Group AG (USA) set a GBX 725 ($9.57) price target on shares of HSBC Holdings plc and gave the stock a neutral rating in a report on Monday, October 30th. Deutsche Bank AG decreased their price target on shares of HSBC Holdings plc from GBX 737 ($9.73) to GBX 700 ($9.24) and set a hold rating for the company in a report on Tuesday. Goldman Sachs Group, Inc. (The) set a GBX 790 ($10.42) price target on shares of HSBC Holdings plc and gave the stock a neutral rating in a report on Friday, August 11th. Barclays PLC reaffirmed a hold rating and issued a GBX 600 ($7.92) price target on shares of HSBC Holdings plc in a report on Wednesday, September 27th. Finally, Berenberg Bank reaffirmed a hold rating and issued a GBX 600 ($7.92) price target on shares of HSBC Holdings plc in a report on Thursday, September 28th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of GBX 716.80 ($9.46).

Shares of HSBC Holdings plc (LON HSBA) traded up GBX 5.40 ($0.07) during midday trading on Tuesday, reaching GBX 738.10 ($9.74). The company’s stock had a trading volume of 19,977,022 shares, compared to its average volume of 21,240,000. HSBC Holdings plc has a 52-week low of GBX 518.17 ($6.84) and a 52-week high of GBX 772 ($10.19).

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The business also recently announced a dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Thursday, October 12th will be given a $0.10 dividend. The ex-dividend date of this dividend is Thursday, October 12th. This represents a dividend yield of 1.01%.

In related news, insider Douglas J. Flint bought 58 shares of the company’s stock in a transaction dated Wednesday, September 20th. The shares were acquired at an average price of GBX 724 ($9.55) per share, for a total transaction of £419.92 ($554.13). Also, insider Marc Moses bought 17,083 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was bought at an average price of GBX 737 ($9.73) per share, for a total transaction of £125,901.71 ($166,141.08). In the last quarter, insiders bought 17,182 shares of company stock worth $12,662,261.

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.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

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