J P Morgan Chase & Co Reaffirms “Neutral” Rating for HSBC Holdings plc (HSBA)

J P Morgan Chase & Co reiterated their neutral rating on shares of HSBC Holdings plc (LON:HSBA) in a research note issued to investors on Tuesday morning. They currently have a GBX 690 ($9.08) target price on the financial services provider’s stock.

Several other equities research analysts have also commented on HSBA. The Goldman Sachs Group, Inc. set a GBX 815 ($10.72) price target on shares of HSBC Holdings plc and gave the stock a neutral rating in a report on Wednesday, November 8th. Royal Bank Of Canada set a GBX 720 ($9.47) price target on shares of HSBC Holdings plc and gave the stock a neutral rating in a report on Friday, November 3rd. Credit Suisse Group reissued an underperform rating and issued a GBX 650 ($8.55) price target on shares of HSBC Holdings plc in a report on Friday, November 3rd. Barclays PLC reissued an equal weight rating and issued a GBX 700 ($9.21) price target on shares of HSBC Holdings plc in a report on Tuesday, October 31st. Finally, Deutsche Bank AG cut their price target on shares of HSBC Holdings plc from GBX 737 ($9.69) to GBX 700 ($9.21) and set a hold rating for the company in a report on Tuesday, October 31st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 723.72 ($9.52).

HSBC Holdings plc (LON HSBA) traded down GBX 0.90 ($0.01) during trading hours on Tuesday, hitting GBX 731.50 ($9.62). 18,460,000 shares of the stock traded hands, compared to its average volume of 23,010,000. HSBC Holdings plc has a 52-week low of GBX 518.17 ($6.82) and a 52-week high of GBX 772 ($10.15).

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The business also recently announced a dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Thursday, October 12th will be given a $0.10 dividend. The ex-dividend date is Thursday, October 12th. This represents a yield of 1.01%.

In other HSBC Holdings plc news, insider Stuart Thomson Gulliver sold 138,143 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of GBX 732 ($9.63), for a total transaction of £1,011,206.76 ($1,330,010.21). Also, insider Iain Mackay purchased 16,980 shares of the business’s stock in a transaction on Monday, November 13th. The shares were acquired at an average price of GBX 741 ($9.75) per share, for a total transaction of £125,821.80 ($165,489.68). Insiders acquired 17,079 shares of company stock worth $12,654,270 in the last ninety days.

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.

Analyst Recommendations for HSBC Holdings plc (LON:HSBA)

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