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.

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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.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

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