HSBC Holdings plc (LON:HSBA) was up 0% during mid-day trading on Monday . The stock traded as high as GBX 751.78 ($10.12) and last traded at GBX 751.70 ($10.12). Approximately 35,649,025 shares changed hands during mid-day trading, an increase of 51% from the average daily volume of 23,650,000 shares. The stock had previously closed at GBX 751.70 ($10.12).
Several equities research analysts recently issued reports on HSBA shares. Morgan Stanley set a GBX 850 ($11.44) price objective on HSBC and gave the stock a “buy” rating in a report on Thursday, October 5th. Credit Suisse Group reiterated an “underperform” rating and issued a GBX 650 ($8.75) price objective on shares of HSBC in a report on Friday, November 3rd. Deutsche Bank reiterated a “hold” rating and issued a GBX 737 ($9.92) price objective on shares of HSBC in a report on Tuesday, September 26th. Goldman Sachs Group set a GBX 845 ($11.37) price objective on HSBC and gave the stock a “neutral” rating in a report on Monday, October 9th. Finally, Jefferies Group started coverage on HSBC in a report on Monday, September 4th. They issued a “buy” rating and a GBX 920 ($12.38) price objective on the stock. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. HSBC currently has an average rating of “Hold” and a consensus target price of GBX 746.33 ($10.04).
The company also recently declared a dividend, which was paid on Wednesday, November 22nd. Stockholders of record on Thursday, October 12th were given a dividend of $0.10 per share. This represents a dividend yield of 1.01%. The ex-dividend date was Thursday, October 12th.
In other news, insider Douglas J. Flint bought 58 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were bought at an average price of GBX 724 ($9.74) per share, with a total value of £419.92 ($565.17). Also, insider Iain Mackay bought 16,980 shares of the business’s stock in a transaction on Monday, November 13th. The stock was purchased at an average cost of GBX 741 ($9.97) per share, for a total transaction of £125,821.80 ($169,342.93). In the last ninety days, insiders have bought 17,058 shares of company stock worth $12,638,772.
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HSBC 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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