HSBC Holdings plc (HSBA) Trading Up 0.8%

HSBC Holdings plc (LON:HSBA)’s share price was up 0.8% during trading on Friday . The stock traded as high as GBX 731.30 ($9.44) and last traded at GBX 729.40 ($9.42). Approximately 16,870,265 shares changed hands during trading, a decline of 11% from the average daily volume of 18,869,900 shares. The stock had previously closed at GBX 723.80 ($9.35).

Several equities analysts recently commented on HSBA shares. Morgan Stanley raised shares of HSBC Holdings plc to an “overweight” rating and boosted their price objective for the company from GBX 745 ($9.62) to GBX 850 ($10.98) in a research note on Thursday, June 29th. Goldman Sachs Group, Inc. (The) set a GBX 740 ($9.56) price objective on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research note on Friday, June 16th. Credit Suisse Group reaffirmed a “neutral” rating and set a GBX 630 ($8.14) price objective on shares of HSBC Holdings plc in a research note on Friday, June 30th. UBS AG set a GBX 725 ($9.36) price objective on shares of HSBC Holdings plc and gave the company a “neutral” rating in a research note on Friday, August 18th. Finally, J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 690 ($8.91) price objective on shares of HSBC Holdings plc in a research note on Tuesday, August 1st. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have issued a buy rating to the company. HSBC Holdings plc has a consensus rating of “Hold” and a consensus price target of GBX 693.71 ($8.96).

The firm has a 50 day moving average price of GBX 746.78 and a 200 day moving average price of GBX 692.56. The firm’s market capitalization is GBX 147.85 billion.

The business also recently declared a dividend, which will be paid on Wednesday, September 20th. Investors of record on Thursday, August 3rd will be given a $0.10 dividend. The ex-dividend date is Thursday, August 3rd. This represents a yield of 1.02%.

In other HSBC Holdings plc news, insider Marc Moses bought 17,083 shares of the firm’s stock in a transaction dated Monday, August 14th. The stock was acquired at an average cost of GBX 737 ($9.52) per share, for a total transaction of £125,901.71 ($162,600.68). Also, insider Jonathan Symonds bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were acquired at an average price of GBX 766 ($9.89) per share, with a total value of £76,600 ($98,928.06). Over the last 90 days, insiders purchased 27,145 shares of company stock valued at $20,295,156.

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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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