HSBC Holdings plc (LON:HSBA) Given Consensus Recommendation of “Hold” by Brokerages
HSBC Holdings plc (LON:HSBA) has been given an average rating of “Hold” by the twenty research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is GBX 659 ($8.54).
A number of equities research analysts have commented on the company. Shore Capital reissued a “sell” rating on shares of HSBC Holdings plc in a report on Monday, March 13th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 670 ($8.68) target price on shares of HSBC Holdings plc in a report on Tuesday, March 14th. Goldman Sachs Group, Inc. (The) set a GBX 740 ($9.59) target price on HSBC Holdings plc and gave the company a “neutral” rating in a report on Tuesday, March 14th. BNP Paribas reaffirmed an “outperform” rating and set a GBX 720 ($9.33) price target on shares of HSBC Holdings plc in a research note on Thursday, March 16th. Finally, Deutsche Bank AG set a GBX 635 ($8.23) price target on HSBC Holdings plc and gave the stock a “neutral” rating in a research note on Thursday, March 16th.
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In other news, insider Douglas J. Flint sold 150,000 shares of the company’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of GBX 661 ($8.56), for a total transaction of £991,500 ($1,284,326.42). Also, insider Lord Evans bought 2,239 shares of HSBC Holdings plc stock in a transaction dated Friday, May 19th. The shares were bought at an average cost of GBX 666 ($8.63) per share, with a total value of £14,911.74 ($19,315.73). In the last 90 days, insiders bought 2,306 shares of company stock valued at $1,535,938.
HSBC Holdings plc (LON:HSBA) opened at 737.50 on Monday. The firm’s market capitalization is GBX 144.27 billion. HSBC Holdings plc has a 1-year low of GBX 439.73 and a 1-year high of GBX 740.80. The company has a 50 day moving average of GBX 682.45 and a 200 day moving average of GBX 668.04.
The company also recently disclosed a dividend, which was paid on Wednesday, July 5th. Stockholders of record on Thursday, May 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, May 18th. This represents a dividend yield of 1.17%.
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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