HSBC Holdings plc (HSBA) Shares Up 1.5%
HSBC Holdings plc (LON:HSBA)’s share price shot up 1.5% on Monday . The stock traded as high as GBX 719.40 ($9.70) and last traded at GBX 718.70 ($9.69). 16,559,443 shares changed hands during trading, a decline of 15% from the average session volume of 19,548,800 shares. The stock had previously closed at GBX 708 ($9.55).
Several research firms have weighed in on HSBA. UBS AG set a GBX 680 ($9.17) price target on HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Wednesday, June 28th. Deutsche Bank AG reissued a “hold” rating and set a GBX 737 ($9.94) price target on shares of HSBC Holdings plc in a research report on Tuesday. J P Morgan Chase & Co set a GBX 690 ($9.30) price objective on HSBC Holdings plc and gave the company a “neutral” rating in a research report on Thursday, August 10th. Goldman Sachs Group, Inc. (The) set a GBX 790 ($10.65) price objective on HSBC Holdings plc and gave the company a “neutral” rating in a research report on Friday, August 11th. Finally, Barclays PLC lifted their price objective on HSBC Holdings plc from GBX 650 ($8.76) to GBX 700 ($9.44) and gave the company an “equal weight” rating in a research report on Tuesday, August 1st. Three investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 702.90 ($9.48).
The stock’s market cap is GBX 146.99 billion. The firm’s 50-day moving average price is GBX 742.94 and its 200 day moving average price is GBX 695.97.
The company also recently announced a dividend, which will be paid on Wednesday, September 20th. Shareholders of record on Thursday, August 3rd will be paid a dividend of $0.10 per share. This represents a yield of 1.02%. The ex-dividend date of this dividend is Thursday, August 3rd.
In related news, insider Marc Moses purchased 17,083 shares of the company’s stock in a transaction dated Monday, August 14th. The shares were acquired at an average cost of GBX 737 ($9.94) per share, with a total value of £125,901.71 ($169,747.49). Also, insider Stuart Thomson Gulliver sold 138,143 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of GBX 732 ($9.87), for a total transaction of £1,011,206.76 ($1,363,363.57). Insiders bought 27,145 shares of company stock worth $20,295,156 over the last ninety days.
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HSBC Holdings plc Company Profile
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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