HSBC Holdings plc (HSBA) Receives Consensus Rating of “Hold” from Brokerages

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.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

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