HSBC (HSBA) Earns “Hold” Rating from Berenberg Bank

Berenberg Bank restated their hold rating on shares of HSBC (LON:HSBA) in a research report report published on Wednesday. The firm currently has a GBX 600 ($8.04) price target on the financial services provider’s stock.

HSBA has been the topic of a number of other research reports. Morgan Stanley set a GBX 850 ($11.38) price objective on HSBC and gave the stock a buy rating in a report on Thursday, October 5th. Credit Suisse Group reaffirmed an underperform rating and set a GBX 650 ($8.70) price objective on shares of HSBC in a report on Friday, November 3rd. Deutsche Bank reaffirmed a hold rating and set a GBX 737 ($9.87) price objective on shares of HSBC in a report on Tuesday, September 26th. Goldman Sachs Group set a GBX 845 ($11.32) price objective on HSBC and gave the stock a neutral rating in a report on Monday, October 9th. Finally, Jefferies Group started coverage on HSBC in a report on Monday, September 4th. They set a buy rating and a GBX 920 ($12.32) price objective on the stock. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. HSBC has a consensus rating of Hold and an average price target of GBX 746.33 ($10.00).

HSBC (LON HSBA) traded down GBX 2.10 ($0.03) during trading on Wednesday, hitting GBX 731.90 ($9.80). The stock had a trading volume of 23,750,000 shares, compared to its average volume of 23,730,000. HSBC has a twelve month low of GBX 518.17 ($6.94) and a twelve month high of GBX 772 ($10.34).

The firm also recently announced a dividend, which was paid on Wednesday, November 22nd. Investors of record on Thursday, October 12th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, October 12th. This represents a yield of 1.01%.

In other HSBC news, insider Iain Mackay bought 16,980 shares of HSBC stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of GBX 741 ($9.92) per share, for a total transaction of £125,821.80 ($168,503.82). Also, insider Douglas J. Flint acquired 58 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was purchased at an average price of GBX 724 ($9.70) per share, for a total transaction of £419.92 ($562.37). Insiders have purchased 17,058 shares of company stock worth $12,638,772 over the last quarter.

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About HSBC

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 (LON:HSBA)

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