HSBC (HSBA) Receives Buy Rating from Citigroup
HSBA has been the topic of a number of other reports. Morgan Stanley set a GBX 850 ($11.44) target price on shares of HSBC and gave the stock a buy rating in a research note on Thursday, October 5th. Credit Suisse Group restated an underperform rating and set a GBX 650 ($8.75) target price on shares of HSBC in a research note on Friday, November 3rd. Deutsche Bank restated a hold rating and set a GBX 737 ($9.92) target price on shares of HSBC in a research note on Tuesday, September 26th. Goldman Sachs Group set a GBX 845 ($11.37) target price on shares of HSBC and gave the stock a neutral rating in a research note on Monday, October 9th. Finally, Jefferies Group initiated coverage on shares of HSBC in a research note on Monday, September 4th. They set a buy rating and a GBX 920 ($12.38) target price on the stock. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 746.33 ($10.04).
HSBC (LON:HSBA) traded up GBX 0.19 ($0.00) during mid-day trading on Wednesday, hitting GBX 725.70 ($9.77). 19,059,425 shares of the company were exchanged, compared to its average volume of 23,890,000. HSBC has a 12-month low of GBX 518.17 ($6.97) and a 12-month high of GBX 772 ($10.39).
The business also recently declared a dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Thursday, October 12th were paid a $0.10 dividend. The ex-dividend date was Thursday, October 12th. This represents a yield of 1.01%.
In other news, insider Stuart Thomson Gulliver sold 138,143 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of GBX 732 ($9.85), for a total value of £1,011,206.76 ($1,360,978.14). Also, insider Douglas J. Flint acquired 58 shares of the firm’s stock in a transaction dated Wednesday, September 20th. The stock was purchased at an average cost of GBX 724 ($9.74) per share, with a total value of £419.92 ($565.17). Insiders acquired 17,058 shares of company stock worth $12,638,772 over the last quarter.
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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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