HSBC Holdings plc (HSBA) Stock Rating Reaffirmed by Morgan Stanley
Morgan Stanley reiterated their overweight rating on shares of HSBC Holdings plc (LON:HSBA) in a report published on Friday. They currently have a GBX 850 ($11.27) price target on the financial services provider’s stock.
Several other analysts have also commented on the company. Goldman Sachs Group, Inc. (The) raised their price objective on HSBC Holdings plc from GBX 740 ($9.82) to GBX 755 ($10.01) and gave the company a neutral rating in a report on Thursday, June 22nd. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 690 ($9.15) target price on shares of HSBC Holdings plc in a research note on Friday, June 30th. Jefferies Group LLC assumed coverage on HSBC Holdings plc in a research note on Monday, September 4th. They set a buy rating and a GBX 920 ($12.20) target price for the company. UBS AG set a GBX 725 ($9.62) target price on HSBC Holdings plc and gave the company a neutral rating in a research report on Monday, September 4th. Finally, Deutsche Bank AG reiterated a hold rating and set a GBX 640 ($8.49) 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 given a hold rating and four have assigned a buy rating to the company’s stock. HSBC Holdings plc presently has an average rating of Hold and an average price target of GBX 697.90 ($9.26).
Shares of HSBC Holdings plc (LON HSBA) opened at 739.70 on Friday. The company’s market capitalization is GBX 149.93 billion. HSBC Holdings plc has a one year low of GBX 518.17 and a one year high of GBX 772.00. The firm has a 50-day moving average of GBX 734.35 and a 200-day moving average of GBX 699.97.
The firm also recently announced a dividend, which was paid on Wednesday, September 20th. Stockholders of record on Thursday, August 3rd were issued a dividend of $0.10 per share. This represents a dividend yield of 1.02%. The ex-dividend date was Thursday, August 3rd.
In related news, insider Jonathan Symonds purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was acquired at an average cost of GBX 766 ($10.16) per share, for a total transaction of £76,600 ($101,604.99). Also, insider Douglas J. Flint purchased 58 shares of the company’s stock in a transaction dated Wednesday, September 20th. The stock was bought at an average price of GBX 724 ($9.60) per share, with a total value of £419.92 ($557.00). Insiders bought 27,202 shares of company stock valued at $20,337,321 over the last quarter.
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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