Deutsche Bank AG Reaffirms “Hold” Rating for HSBC Holdings plc (HSBA)
HSBC Holdings plc (LON:HSBA)‘s stock had its “hold” rating reissued by stock analysts at Deutsche Bank AG in a research note issued on Thursday. They currently have a GBX 525 ($6.50) price target on the stock. Deutsche Bank AG’s target price suggests a potential downside of 14.84% from the stock’s previous close.
Several other research firms have also weighed in on HSBA. Barclays PLC reiterated an “equal weight” rating and issued a GBX 550 ($6.81) target price on shares of HSBC Holdings plc in a report on Thursday, October 6th. Morgan Stanley boosted their target price on shares of HSBC Holdings plc from GBX 438 ($5.42) to GBX 450 ($5.57) and gave the company an “underweight” rating in a report on Thursday, October 6th. BNP Paribas reiterated a “neutral” rating and issued a GBX 540 ($6.68) target price on shares of HSBC Holdings plc in a report on Thursday, September 22nd. JPMorgan Chase & Co. boosted their target price on shares of HSBC Holdings plc from GBX 460 ($5.69) to GBX 520 ($6.44) and gave the company a “neutral” rating in a report on Tuesday, September 6th. Finally, Societe Generale reiterated a “buy” rating and issued a GBX 510 ($6.31) target price on shares of HSBC Holdings plc in a report on Friday, September 9th. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 513.73 ($6.36).
Shares of HSBC Holdings plc (LON:HSBA) opened at 616.50 on Thursday. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 622.57. The firm’s market capitalization is GBX 109.98 billion. The firm has a 50-day moving average of GBX 576.49 and a 200 day moving average of GBX 491.84.
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The company also recently announced a dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Thursday, October 20th will be paid a GBX 0.10 ($0.00) dividend. This represents a dividend yield of 1.32%. The ex-dividend date is Thursday, October 20th.
In other news, insider Evans,Lord bought 1,754 shares of HSBC Holdings plc stock in a transaction dated Wednesday, August 31st. The stock was bought at an average price of GBX 566 ($7.00) per share, for a total transaction of £9,927.64 ($12,286.68).
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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