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.
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