HSBC Holdings plc (LON:HSBA) had its price target raised by Morgan Stanley from GBX 438 ($5.42) to GBX 450 ($5.57) in a research report released on Thursday morning. They currently have an underweight rating on the stock.
Other equities analysts have also issued research reports about the stock. Deutsche Bank AG upped their price objective on shares of HSBC Holdings plc from GBX 470 ($5.82) to GBX 480 ($5.94) and gave the company a hold rating in a report on Monday, July 18th. JPMorgan Chase & Co. reiterated a neutral rating and set a GBX 460 ($5.69) price objective on shares of HSBC Holdings plc in a report on Thursday, August 4th. Citigroup Inc. set a GBX 515 ($6.37) price objective on shares of HSBC Holdings plc and gave the company a buy rating in a report on Wednesday, August 3rd. BNP Paribas reiterated an underperform rating and set a GBX 400 ($4.95) price objective on shares of HSBC Holdings plc in a report on Tuesday, June 21st. Finally, Societe Generale reiterated a buy rating and set a GBX 555 ($6.87) price objective on shares of HSBC Holdings plc in a report on Thursday, August 4th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of GBX 513.73 ($6.36).
Shares of HSBC Holdings plc (LON:HSBA) opened at 617.70 on Thursday. The stock’s 50 day moving average price is GBX 573.19 and its 200-day moving average price is GBX 489.69. The company’s market cap is GBX 110.19 billion. HSBC Holdings plc has a one year low of GBX 392.37 and a one year high of GBX 620.80.
The business also recently announced a dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Thursday, October 20th will be given a dividend of GBX 0.10 ($0.00) per share. This represents a dividend yield of 1.32%. The ex-dividend date of this dividend is Thursday, October 20th.
In related news, insider Evans,Lord bought 1,754 shares of HSBC Holdings plc stock in a transaction dated Wednesday, August 31st. The stock was purchased at an average cost of GBX 566 ($7.00) per share, with a total value of £9,927.64 ($12,286.68).
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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