HSBC Holdings plc (HSBA) Stock Rating Reaffirmed by BNP Paribas

HSBC Holdings plc (LON:HSBA)‘s stock had its “outperform” rating restated by investment analysts at BNP Paribas in a report released on Friday. They currently have a GBX 720 ($9.05) price target on the stock. BNP Paribas’ price objective indicates a potential upside of 11.39% from the stock’s previous close.

Several other equities research analysts also recently issued reports on HSBA. Deutsche Bank AG set a GBX 635 ($7.98) price target on HSBC Holdings plc and gave the company a “neutral” rating in a report on Thursday, March 16th. Shore Capital reissued a “sell” rating on shares of HSBC Holdings plc in a report on Monday, March 13th. Credit Suisse Group AG reissued a “neutral” rating and set a GBX 600 ($7.54) target price on shares of HSBC Holdings plc in a report on Thursday, March 9th. Beaufort Securities reissued a “hold” rating and set a GBX 690 ($8.67) target price on shares of HSBC Holdings plc in a report on Wednesday, February 22nd. Finally, Goldman Sachs Group Inc set a GBX 740 ($9.30) target price on HSBC Holdings plc and gave the stock a “neutral” rating in a report on Tuesday, March 14th. Three equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and six have given a buy rating to the stock. HSBC Holdings plc presently has an average rating of “Hold” and an average target price of GBX 608.30 ($7.64).

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

Shares of HSBC Holdings plc (LON:HSBA) opened at 649.20 on Friday. The firm’s 50-day moving average is GBX 671.01 and its 200-day moving average is GBX 642.64. The company’s market cap is GBX 126.68 billion. HSBC Holdings plc has a one year low of GBX 392.37 and a one year high of GBX 715.20.

The firm also recently announced a dividend, which will be paid on Thursday, April 6th. Shareholders of record on Thursday, February 23rd will be given a GBX 0.21 ($0.00) dividend. This represents a yield of 2.53%. The ex-dividend date is Thursday, February 23rd. This is a boost from HSBC Holdings plc’s previous dividend of $0.10.

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In other HSBC Holdings plc news, insider Lord Evans bought 1,483 shares of the firm’s stock in a transaction on Wednesday, February 22nd. The shares were purchased at an average price of GBX 674 ($8.47) per share, for a total transaction of £9,995.42 ($12,561.79). Also, insider Marc Moses sold 18,270 shares of HSBC Holdings plc stock in a transaction dated Monday, March 20th. The shares were sold at an average price of GBX 657 ($8.26), for a total value of £120,033.90 ($150,853.21). In the last quarter, insiders acquired 1,528 shares of company stock worth $1,029,632 and sold 500,827 shares worth $332,418,868.

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.

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