HSBC Holdings plc (HSBA) Given “Sell” Rating at Shore Capital
HSBC Holdings plc (LON:HSBA)‘s stock had its “sell” rating reaffirmed by equities research analysts at Shore Capital in a report issued on Monday.
Several other research analysts have also commented on the company. Jefferies Group LLC reissued a “buy” rating and issued a GBX 920 ($12.14) price target on shares of HSBC Holdings plc in a research report on Monday. Goldman Sachs Group, Inc. (The) set a GBX 845 ($11.15) price target on HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 737 ($9.73) price target on shares of HSBC Holdings plc in a research report on Tuesday, October 24th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 690 ($9.11) price target on shares of HSBC Holdings plc in a research report on Tuesday, October 24th. Finally, Societe Generale reaffirmed a “buy” rating on shares of HSBC Holdings plc in a research report on Monday, October 23rd. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have assigned a buy rating to the company. HSBC Holdings plc currently has an average rating of “Hold” and a consensus price target of GBX 718.58 ($9.48).
HSBC Holdings plc (LON HSBA) opened at 738.10 on Monday. The stock’s 50 day moving average price is GBX 738.08 and its 200 day moving average price is GBX 711.70. The company’s market capitalization is GBX 149.61 billion. HSBC Holdings plc has a one year low of GBX 518.17 and a one year high of GBX 772.00.
In other news, insider Jonathan Symonds bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average price of GBX 766 ($10.11) per share, for a total transaction of £76,600 ($101,082.08). Also, insider Douglas J. Flint bought 58 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was purchased at an average price of GBX 724 ($9.55) per share, for a total transaction of £419.92 ($554.13). Insiders have acquired 27,182 shares of company stock worth $20,322,261 in 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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