HSBC Holdings plc (LON:HSBA) Stock Rating Reaffirmed by Barclays PLC
Barclays PLC reiterated their equal weight rating on shares of HSBC Holdings plc (LON:HSBA) in a research note released on Thursday, October 5th. The brokerage currently has a GBX 700 ($9.20) price objective on the financial services provider’s stock.
HSBA has been the subject of several other reports. Goldman Sachs Group, Inc. (The) boosted their target price on HSBC Holdings plc from GBX 740 ($9.73) to GBX 755 ($9.93) and gave the stock a neutral rating in a research report on Thursday, June 22nd. J P Morgan Chase & Co restated a neutral rating and set a GBX 690 ($9.07) target price on shares of HSBC Holdings plc in a research report on Friday, June 30th. Jefferies Group LLC initiated coverage on HSBC Holdings plc in a research report on Monday, September 4th. They set a buy rating and a GBX 920 ($12.10) target price for the company. UBS AG set a GBX 725 ($9.53) target price on HSBC Holdings plc and gave the stock a neutral rating in a research report on Monday, September 4th. Finally, Morgan Stanley upgraded HSBC Holdings plc to an overweight rating and boosted their target price for the stock from GBX 745 ($9.79) to GBX 850 ($11.18) in a research report on Thursday, June 29th. Four equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of GBX 712.15 ($9.36).
Shares of HSBC Holdings plc (LON:HSBA) traded down 1.07% during midday trading on Thursday, hitting GBX 739.00. 21,278,970 shares of the stock were exchanged. The firm’s market cap is GBX 149.79 billion. HSBC Holdings plc has a 12-month low of GBX 518.17 and a 12-month high of GBX 772.00. The firm has a 50 day moving average of GBX 737.36 and a 200 day moving average of GBX 705.22.
The business also recently announced a dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Thursday, October 12th will be issued a dividend of $0.10 per share. This represents a dividend yield of 1.01%. The ex-dividend date is Thursday, October 12th.
In other news, insider Douglas J. Flint bought 58 shares of the company’s stock in a transaction on Wednesday, September 20th. The stock was purchased at an average cost of GBX 724 ($9.52) per share, for a total transaction of £419.92 ($552.09). Also, insider Jonathan Symonds bought 10,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was purchased at an average price of GBX 766 ($10.07) per share, with a total value of £76,600 ($100,709.97). Over the last three months, insiders have bought 27,202 shares of company stock worth $20,337,321.
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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