HSBC Holdings plc (HSBA) Receives Average Rating of “Hold” from Analysts
Shares of HSBC Holdings plc (LON:HSBA) have earned a consensus recommendation of “Hold” from the twenty-one brokerages that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is GBX 712.15 ($9.46).
Several equities research analysts recently commented on HSBA shares. Morgan Stanley set a GBX 850 ($11.29) target price on HSBC Holdings plc and gave the stock a “buy” rating in a research note on Monday, July 17th. Citigroup Inc. reaffirmed a “buy” rating on shares of HSBC Holdings plc in a research note on Friday, July 21st. Jefferies Group LLC started coverage on HSBC Holdings plc in a research note on Monday, September 4th. They set a “buy” rating and a GBX 920 ($12.22) target price for the company. BNP Paribas set a GBX 825 ($10.96) target price on HSBC Holdings plc and gave the stock a “buy” rating in a research note on Thursday, October 5th. Finally, Barclays PLC raised their target price on HSBC Holdings plc from GBX 650 ($8.64) to GBX 700 ($9.30) and gave the stock an “equal weight” rating in a research note on Tuesday, August 1st.
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HSBC Holdings plc (HSBA) opened at 746.10 on Wednesday. The firm’s market capitalization is GBX 151.23 billion. HSBC Holdings plc has a 12 month low of GBX 518.17 and a 12 month high of GBX 772.00. The company has a 50 day moving average price of GBX 737.25 and a 200 day moving average price of GBX 706.60.
The business also recently announced a dividend, which will be paid on Wednesday, November 22nd. Investors of record on Thursday, October 12th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, October 12th. This represents a dividend yield of 1.01%.
In other HSBC Holdings plc news, insider Douglas J. Flint purchased 58 shares of the company’s stock in a transaction that occurred on Wednesday, September 20th. The shares were acquired at an average cost of GBX 724 ($9.62) per share, for a total transaction of £419.92 ($557.96). Also, insider Jonathan Symonds purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired at an average price of GBX 766 ($10.18) per share, for a total transaction of £76,600 ($101,780.49). Insiders have purchased 27,202 shares of company stock worth $20,337,321 over the last quarter.
About HSBC Holdings plc
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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