HSBC Holdings plc (LON:HSBA) had its price objective boosted by Deutsche Bank AG from GBX 616 ($7.95) to GBX 640 ($8.26) in a report issued on Wednesday, May 10th. Deutsche Bank AG currently has a hold rating on the financial services provider’s stock.
Other research analysts also recently issued reports about the company. Shore Capital restated a sell rating on shares of HSBC Holdings plc in a research note on Monday, March 13th. Credit Suisse Group AG restated a neutral rating and set a GBX 600 ($7.74) target price on shares of HSBC Holdings plc in a research note on Tuesday, March 28th. S&P Global set a GBX 720 ($9.29) target price on HSBC Holdings plc and gave the stock a neutral rating in a research note on Tuesday, February 21st. Goldman Sachs Group Inc dropped their price target on HSBC Holdings plc from GBX 740 ($9.55) to GBX 725 ($9.36) and set a neutral rating on the stock in a research note on Thursday, April 27th. Finally, BNP Paribas reiterated an outperform rating and set a GBX 720 ($9.29) price target on shares of HSBC Holdings plc in a research note on Thursday, March 16th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of GBX 625.30 ($8.07).
Shares of HSBC Holdings plc (LON:HSBA) traded up 0.1957% during trading on Wednesday, reaching GBX 665.4334. The company’s stock had a trading volume of 23,620,148 shares. The stock’s 50 day moving average is GBX 653.01 and its 200 day moving average is GBX 657.20. The firm’s market cap is GBX 19.09 billion. HSBC Holdings plc has a one year low of GBX 392.37 and a one year high of GBX 715.20.
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The company also recently declared a dividend, which will be paid on Wednesday, July 5th. Stockholders 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 dividend yield of 1.17%.
In other news, insider Douglas J. Flint sold 150,000 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of GBX 661 ($8.53), for a total value of £991,500 ($1,279,850.26). Also, insider Lord Evans acquired 1,483 shares of HSBC Holdings plc stock in a transaction dated Wednesday, February 22nd. The stock was bought at an average price of GBX 674 ($8.70) per share, for a total transaction of £9,995.42 ($12,902.31). Over the last 90 days, insiders have bought 1,529 shares of company stock valued at $1,029,143 and have sold 650,827 shares valued at $431,568,868.
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.
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