HSBC Holdings plc (HSBA) Receives Consensus Rating of “Hold” from Analysts
HSBC Holdings plc (LON:HSBA) has earned a consensus rating of “Hold” from the twenty-four analysts that are covering the firm. Four equities research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is GBX 516.76 ($6.40).
A number of research firms have recently commented on HSBA. JPMorgan Chase & Co. raised their price target on HSBC Holdings plc from GBX 460 ($5.69) to GBX 520 ($6.44) and gave the stock a “neutral” rating in a report on Tuesday, September 6th. BNP Paribas raised their price target on HSBC Holdings plc from GBX 400 ($4.95) to GBX 540 ($6.68) and gave the stock a “neutral” rating in a report on Monday, August 8th. Beaufort Securities reaffirmed a “buy” rating on shares of HSBC Holdings plc in a report on Thursday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 514 ($6.36) price target on shares of HSBC Holdings plc in a report on Tuesday, August 16th. Finally, Societe Generale reaffirmed a “buy” rating on shares of HSBC Holdings plc in a report on Friday, June 17th.
HSBC Holdings plc (LON:HSBA) traded down 1.23% during mid-day trading on Thursday, reaching GBX 608.90. The company had a trading volume of 42,373,544 shares. The stock has a 50-day moving average of GBX 576.49 and a 200 day moving average of GBX 491.84. The company’s market capitalization is GBX 108.62 billion. 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 announced a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be paid a GBX 0.10 ($0.00) dividend. The ex-dividend date is Thursday, October 20th. This represents a yield of 1.32%.
In other news, insider Evans,Lord bought 1,754 shares of the stock in a transaction on Wednesday, August 31st. The stock was bought at an average cost 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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