Goldman Sachs Group, Inc. (The) Boosts HSBC Holdings plc (HSBA) Price Target to GBX 755

HSBC Holdings plc (LON:HSBA) had its price objective lifted by Goldman Sachs Group, Inc. (The) from GBX 740 ($9.41) to GBX 755 ($9.60) in a research report report published on Thursday, MarketBeat Ratings reports. Goldman Sachs Group, Inc. (The) currently has a neutral rating on the financial services provider’s stock.

Several other research analysts have also issued reports on the stock. Citigroup Inc. reiterated a buy rating and issued a GBX 725 ($9.22) target price on shares of HSBC Holdings plc in a research report on Friday, June 16th. Investec lowered shares of HSBC Holdings plc to a sell rating and set a GBX 640 ($8.14) target price for the company. in a research report on Monday, June 12th. Deutsche Bank AG reiterated a hold rating and issued a GBX 640 ($8.14) target price on shares of HSBC Holdings plc in a research report on Wednesday, June 7th. J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 670 ($8.52) target price on shares of HSBC Holdings plc in a research report on Friday, May 5th. Finally, Shore Capital reiterated a sell rating on shares of HSBC Holdings plc in a research report on Thursday, May 4th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and an average target price of GBX 635.80 ($8.09).

HSBC Holdings plc (HSBA) opened at 689.90 on Thursday. The company’s 50-day moving average price is GBX 675.64 and its 200 day moving average price is GBX 666.55. The company’s market capitalization is GBX 134.96 billion. HSBC Holdings plc has a 12 month low of GBX 392.37 and a 12 month high of GBX 715.20.

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The company also recently announced a dividend, which will be paid on Wednesday, July 5th. Stockholders of record on Thursday, May 18th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 18th. This represents a dividend yield of 1.17%.

In related news, insider Douglas J. Flint sold 150,000 shares of the stock in a transaction dated Friday, May 5th. The shares were sold at an average price of GBX 661 ($8.41), for a total value of £991,500 ($1,261,129.48). Also, insider Lord Evans purchased 2,239 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average cost of GBX 666 ($8.47) per share, with a total value of £14,911.74 ($18,966.85). Over the last quarter, insiders have bought 2,285 shares of company stock valued at $1,521,511.

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.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

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