HSBC Holdings plc (HSBA) Earns “Hold” Rating from Berenberg Bank
Berenberg Bank reiterated their hold rating on shares of HSBC Holdings plc (LON:HSBA) in a report published on Thursday. They currently have a GBX 600 ($8.07) price target on the financial services provider’s stock.
Several other equities research analysts have also commented on the stock. Morgan Stanley set a GBX 850 ($11.43) price objective on shares of HSBC Holdings plc and gave the stock a buy rating in a research report on Monday, July 17th. Citigroup Inc. reiterated a buy rating and issued a GBX 725 ($9.75) price objective on shares of HSBC Holdings plc in a report on Friday, June 16th. Jefferies Group LLC began coverage on HSBC Holdings plc in a report on Monday, September 4th. They set a buy rating and a GBX 920 ($12.37) target price for the company. Barclays PLC increased their target price on HSBC Holdings plc from GBX 650 ($8.74) to GBX 700 ($9.41) and gave the company an equal weight rating in a report on Tuesday, August 1st. Finally, Deutsche Bank AG restated a hold rating and issued a GBX 640 ($8.61) target price on shares of HSBC Holdings plc in a research report on Wednesday, July 5th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 697.90 ($9.39).
Shares of HSBC Holdings plc (LON:HSBA) opened at 735.40 on Thursday. The firm has a 50-day moving average of GBX 742.94 and a 200 day moving average of GBX 695.97. HSBC Holdings plc has a 52 week low of GBX 518.17 and a 52 week high of GBX 772.00. The stock’s market cap is GBX 149.06 billion.
The firm also recently disclosed a dividend, which was paid on Wednesday, September 20th. Stockholders of record on Thursday, August 3rd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a dividend yield of 1.02%.
In other news, insider Jonathan Symonds acquired 10,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The shares were bought at an average price of GBX 766 ($10.30) per share, with a total value of £76,600 ($103,012.37). Also, insider Douglas J. Flint acquired 58 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were purchased at an average cost of GBX 724 ($9.74) per share, for a total transaction of £419.92 ($564.71). Insiders acquired 27,202 shares of company stock worth $20,337,321 over the last quarter.
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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