UBS Group set a GBX 665 ($8.69) price objective on HSBC (LON:HSBA) in a report published on Thursday morning, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the financial services provider’s stock.
HSBA has been the subject of several other research reports. Societe Generale lowered shares of HSBC to a hold rating in a research report on Monday, September 10th. Goldman Sachs Group lowered their price target on shares of HSBC from GBX 810 ($10.58) to GBX 800 ($10.45) and set a neutral rating for the company in a research report on Monday, August 6th. Credit Suisse Group set a GBX 720 ($9.41) price target on shares of HSBC and gave the stock a neutral rating in a research report on Tuesday, August 7th. Deutsche Bank set a GBX 684 ($8.94) price target on shares of HSBC and gave the stock a neutral rating in a research report on Friday, October 12th. Finally, Royal Bank of Canada set a GBX 730 ($9.54) price target on shares of HSBC and gave the stock a neutral rating in a research report on Monday, August 6th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. HSBC presently has an average rating of Hold and a consensus target price of GBX 719.86 ($9.41).
HSBC stock opened at GBX 646.10 ($8.44) on Thursday. HSBC has a one year low of GBX 618 ($8.08) and a one year high of GBX 798.60 ($10.44).
The business also recently disclosed a dividend, which will be paid on Wednesday, November 21st. Investors of record on Thursday, October 11th will be issued a $0.10 dividend. This represents a yield of 1.16%. The ex-dividend date is Thursday, October 11th.
In related news, insider Iain Mackay sold 24,021 shares of the company’s stock in a transaction dated Friday, September 14th. The shares were sold at an average price of GBX 657 ($8.58), for a total value of £157,817.97 ($206,217.13).
HSBC Holdings plc provides banking and financial products and services. The company operates through Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking segments. The Retail Banking and Wealth Management segment offers personal banking products and services, mortgages and loans, credit cards, insurance and investment products, savings products, international services, and wealth solutions and financial planning services, as well as telephone, Internet, and mobile banking services.
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