HSBC Holdings plc (HSBA) Rating Reiterated by BNP Paribas
HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reiterated by equities researchers at BNP Paribas in a note issued to investors on Tuesday. They currently have a GBX 540 ($7.05) target price on the stock. BNP Paribas’ price target suggests a potential downside of 12.83% from the company’s current price.
Other equities analysts also recently issued research reports about the company. Citigroup Inc. downgraded HSBC Holdings plc to a “neutral” rating and set a GBX 600 ($7.83) price target for the company. in a research report on Tuesday, September 13th. Deutsche Bank AG reissued a “hold” rating and set a GBX 525 ($6.85) price target on shares of HSBC Holdings plc in a research report on Tuesday, September 13th. Morgan Stanley set a GBX 438 ($5.72) price target on HSBC Holdings plc and gave the stock a “sell” rating in a research report on Monday, September 12th. Societe Generale reissued a “buy” rating and set a GBX 510 ($6.66) price target on shares of HSBC Holdings plc in a research report on Friday, September 9th. Finally, Barclays PLC set a GBX 550 ($7.18) price target on HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Tuesday, September 6th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 513.73 ($6.71).
Shares of HSBC Holdings plc (LON:HSBA) traded up 2.80% during trading on Tuesday, hitting GBX 619.50. The stock had a trading volume of 49,862,661 shares. The company’s market cap is GBX 110.51 billion. The stock’s 50 day moving average is GBX 570.19 and its 200-day moving average is GBX 487.89. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month high of GBX 620.20.
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The company also recently disclosed a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be paid a dividend of GBX 0.10 ($0.00) per share. This represents a yield of 1.32%. The ex-dividend date is Thursday, October 20th.
In other news, insider Evans,Lord acquired 1,754 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were purchased at an average price of GBX 566 ($7.39) per share, for a total transaction of £9,927.64 ($12,958.67).
About HSBC Holdings plc
HSBC Holdings plc (HSBC) is the banking and financial services company. The Company manages its products and services through approximately four businesses, such as Retail Banking and Wealth Management (RBWM), Commercial Banking (CMB), Global Banking and Markets (GB&M), and Global Private Banking (GPB).
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