Shares of HSBC Holdings plc (LON:HSBA) have received an average rating of “Hold” from the twenty ratings firms that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 723.72 ($9.52).
HSBA has been the subject of several research reports. Morgan Stanley set a GBX 850 ($11.18) target price on shares of HSBC Holdings plc and gave the stock a “buy” rating in a research report on Monday, July 17th. Deutsche Bank AG upped their price target on shares of HSBC Holdings plc from GBX 640 ($8.42) to GBX 695 ($9.14) and gave the company a “hold” rating in a research report on Tuesday, July 18th. BNP Paribas restated an “outperform” rating and set a GBX 715 ($9.40) price target on shares of HSBC Holdings plc in a research report on Wednesday, July 19th. Citigroup Inc. restated a “buy” rating on shares of HSBC Holdings plc in a research report on Friday, July 21st. Finally, Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 755 ($9.93) price target on shares of HSBC Holdings plc in a research report on Wednesday, July 26th.
HSBC Holdings plc (LON:HSBA) opened at GBX 741.30 ($9.75) on Friday. HSBC Holdings plc has a 1 year low of GBX 518.17 ($6.82) and a 1 year high of GBX 772 ($10.15).
The business also recently declared a dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, October 12th will be paid a $0.10 dividend. This represents a yield of 1.01%. The ex-dividend date is Thursday, October 12th.
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In related news, insider Stuart Thomson Gulliver sold 138,143 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.63), for a total value of £1,011,206.76 ($1,330,010.21). Also, insider Douglas J. Flint purchased 58 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was bought at an average cost of GBX 724 ($9.52) per share, with a total value of £419.92 ($552.31). Over the last three months, insiders purchased 17,182 shares of company stock valued at $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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