HSBC Holdings plc (HSBA) Given New GBX 755 Price Target at Goldman Sachs Group, Inc. (The)
HSBC Holdings plc (LON:HSBA) had its target price hoisted by equities research analysts at Goldman Sachs Group, Inc. (The) from GBX 740 ($9.43) to GBX 755 ($9.62) in a research report issued to clients and investors on Thursday, MarketBeat.com reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Goldman Sachs Group, Inc. (The)’s target price would indicate a potential upside of 10.92% from the company’s previous close.
Several other analysts have also recently commented on the company. Citigroup Inc. reissued a “buy” rating and issued a GBX 725 ($9.24) price target on shares of HSBC Holdings plc in a report on Friday, June 16th. Deutsche Bank AG reduced their price target on HSBC Holdings plc from GBX 635 ($8.09) to GBX 616 ($7.85) and set a “hold” rating for the company in a report on Tuesday, April 25th. Credit Suisse Group reissued a “neutral” rating and issued a GBX 600 ($7.64) price target on shares of HSBC Holdings plc in a report on Tuesday, March 28th. Shore Capital reissued a “sell” rating on shares of HSBC Holdings plc in a report on Monday, March 13th. Finally, BNP Paribas reissued an “outperform” rating and issued a GBX 720 ($9.17) price target on shares of HSBC Holdings plc in a report on Thursday, March 16th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. HSBC Holdings plc presently has a consensus rating of “Hold” and a consensus target price of GBX 635.80 ($8.10).
Shares of HSBC Holdings plc (LON:HSBA) opened at 680.70 on Thursday. The stock has a 50 day moving average price of GBX 675.64 and a 200-day moving average price of GBX 666.55. The stock’s market capitalization is GBX 133.16 billion. HSBC Holdings plc has a 52-week low of GBX 392.37 and a 52-week high of GBX 715.20.
The firm also recently disclosed a dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Thursday, May 18th will be given a $0.10 dividend. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, May 18th.
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In other news, insider Lord Evans purchased 2,239 shares of the stock in a transaction on Friday, May 19th. The stock was purchased at an average price of GBX 666 ($8.49) per share, with a total value of £14,911.74 ($18,998.27). Also, insider Douglas J. Flint sold 150,000 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of GBX 661 ($8.42), for a total value of £991,500 ($1,263,218.24). In the last ninety days, insiders bought 2,308 shares of company stock valued at $1,536,323.
HSBC Holdings plc 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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