Citigroup Inc. reiterated their buy rating on shares of HSBC Holdings plc (LON:HSBA) in a report issued on Friday morning, MarketBeat reports. They currently have a GBX 725 ($9.17) price objective on the financial services provider’s stock.
A number of other research analysts have also weighed in on the company. Morgan Stanley set a GBX 745 ($9.42) price objective on HSBC Holdings plc and gave the company a neutral rating in a report on Tuesday, March 21st. BNP Paribas reissued an outperform rating and issued a GBX 720 ($9.11) price objective on shares of HSBC Holdings plc in a report on Friday, March 24th. Shore Capital reissued a sell rating on shares of HSBC Holdings plc in a report on Thursday, May 4th. Goldman Sachs Group, Inc. (The) reissued a neutral rating and issued a GBX 740 ($9.36) price objective on shares of HSBC Holdings plc in a report on Tuesday, May 30th. Finally, J P Morgan Chase & Co reissued a neutral rating and issued a GBX 670 ($8.48) price objective on shares of HSBC Holdings plc in a report on Tuesday, March 14th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have given a buy rating to the company. HSBC Holdings plc presently has an average rating of Hold and a consensus price target of GBX 635.05 ($8.03).
HSBC Holdings plc (LON:HSBA) traded up 0.71% during midday trading on Friday, hitting GBX 692.10. The company’s stock had a trading volume of 8,928,648 shares. The company’s market cap is GBX 135.39 billion. HSBC Holdings plc has a one year low of GBX 392.37 and a one year high of GBX 715.20. The company’s 50-day moving average is GBX 672.46 and its 200 day moving average is GBX 664.85.
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The business also recently disclosed a dividend, which will be paid on Wednesday, July 5th. Investors of record on Thursday, May 18th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 18th. This represents a yield of 1.17%.
In other HSBC Holdings plc news, insider Douglas J. Flint sold 150,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of GBX 661 ($8.36), for a total transaction of £991,500 ($1,254,269.45). Also, insider Lord Evans bought 2,239 shares of the business’s stock in a transaction on Friday, May 19th. The shares were acquired at an average cost of GBX 666 ($8.43) per share, with a total value of £14,911.74 ($18,863.68). In the last quarter, insiders have purchased 2,308 shares of company stock worth $1,536,323.
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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