HSBC Holdings plc (HSBA) Rating Reiterated by Goldman Sachs Group Inc

HSBC Holdings plc (LON:HSBA)‘s stock had its “neutral” rating reaffirmed by stock analysts at Goldman Sachs Group Inc in a research note issued to investors on Tuesday. They currently have a GBX 740 ($9.51) price target on the financial services provider’s stock. Goldman Sachs Group Inc’s price target suggests a potential upside of 9.53% from the stock’s current price.

HSBA has been the subject of a number of other reports. Citigroup Inc set a GBX 745 ($9.57) target price on HSBC Holdings plc and gave the stock a “buy” rating in a research report on Tuesday, March 28th. Deutsche Bank AG set a GBX 635 ($8.16) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Thursday, March 16th. Morgan Stanley set a GBX 745 ($9.57) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Tuesday, March 21st. Credit Suisse Group AG reissued a “neutral” rating and issued a GBX 600 ($7.71) target price on shares of HSBC Holdings plc in a research report on Friday, April 21st. Finally, JPMorgan Chase & Co. raised their target price on HSBC Holdings plc from GBX 600 ($7.71) to GBX 670 ($8.61) and gave the stock a “neutral” rating in a research report on Monday, February 20th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 625.30 ($8.03).

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

Shares of HSBC Holdings plc (LON HSBA) opened at 678.60 on Tuesday. The stock has a 50 day moving average price of GBX 657.30 and a 200-day moving average price of GBX 661.10. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 715.20. The firm’s market capitalization is GBX 132.75 billion.

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

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In other HSBC Holdings plc news, insider Douglas J. Flint sold 150,000 shares of HSBC Holdings plc stock in a transaction dated Friday, May 5th. The stock was sold at an average price of GBX 661 ($8.49), for a total transaction of £991,500 ($1,273,603.08). Also, insider Marc Moses sold 221,164 shares of HSBC Holdings plc stock in a transaction dated Monday, March 13th. The stock was sold at an average price of GBX 673 ($8.64), for a total value of £1,488,433.72 ($1,911,925.14). In the last ninety days, insiders have acquired 2,308 shares of company stock valued at $1,536,323 and have sold 389,434 shares valued at $259,996,762.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:HSBA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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