HSBC Holdings plc’s (HSBA) “Neutral” Rating Reaffirmed at J P Morgan Chase & Co
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).
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.
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