Deutsche Bank AG reaffirmed their hold rating on shares of HSBC Holdings plc (LON:HSBA) in a research report released on Thursday morning. The brokerage currently has a GBX 525 ($6.40) price target on the stock.
Several other research analysts also recently weighed in on the stock. Goldman Sachs Group Inc. set a GBX 565 ($6.89) target price on shares of HSBC Holdings plc and gave the stock a neutral rating in a research report on Monday, July 4th. Berenberg Bank reissued a buy rating and issued a GBX 600 ($7.31) target price on shares of HSBC Holdings plc in a research report on Tuesday, August 2nd. Citigroup Inc. reissued a buy rating and issued a GBX 600 ($7.31) target price on shares of HSBC Holdings plc in a research report on Tuesday, August 9th. Investec reissued a buy rating on shares of HSBC Holdings plc in a research report on Thursday, August 25th. Finally, JPMorgan Chase & Co. lifted their target price on shares of HSBC Holdings plc from GBX 450 ($5.48) to GBX 460 ($5.61) and gave the stock a neutral rating in a research report on Tuesday, July 26th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of GBX 513.73 ($6.26).
Shares of HSBC Holdings plc (LON:HSBA) opened at 624.20 on Thursday. The firm’s market cap is GBX 111.35 billion. HSBC Holdings plc has a 52-week low of GBX 392.37 and a 52-week high of GBX 626.30. The stock has a 50 day moving average of GBX 583.32 and a 200 day moving average of GBX 495.58.
The company also recently announced a dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Thursday, October 20th will be paid a GBX 0.10 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a dividend yield of 1.32%.
In other news, insider Evans,Lord bought 1,754 shares of HSBC Holdings plc stock in a transaction dated Wednesday, August 31st. The shares were bought at an average price of GBX 566 ($6.90) per share, for a total transaction of £9,927.64 ($12,099.50).
HSBC Holdings plc Company Profile
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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