HSBC Holdings plc (LON:HSBA)‘s stock had its “buy” rating restated by investment analysts at Berenberg Bank in a note issued to investors on Friday. They presently have a GBX 600 ($7.50) price target on the stock. Berenberg Bank’s price objective would indicate a potential downside of 6.28% from the company’s current price.
Several other equities research analysts have also weighed in on HSBA. Citigroup Inc. set a GBX 515 ($6.43) price objective on shares of HSBC Holdings plc and gave the stock a “buy” rating in a research note on Thursday, July 28th. BNP Paribas reiterated a “neutral” rating and set a GBX 400 ($5.00) price objective on shares of HSBC Holdings plc in a research note on Monday, August 1st. Barclays PLC increased their price objective on shares of HSBC Holdings plc from GBX 500 ($6.25) to GBX 525 ($6.56) and gave the stock an “equal weight” rating in a research note on Thursday, August 4th. Beaufort Securities reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Thursday, August 4th. Finally, Deutsche Bank AG increased their price objective on shares of HSBC Holdings plc from GBX 480 ($6.00) to GBX 514 ($6.42) and gave the stock a “hold” rating in a research note on Thursday, August 4th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. HSBC Holdings plc presently has an average rating of “Hold” and a consensus price target of GBX 561.14 ($7.01).
Shares of HSBC Holdings plc (LON:HSBA) opened at 640.00 on Friday. The stock’s 50 day moving average is GBX 621.66 and its 200-day moving average is GBX 530.30. HSBC Holdings plc has a 52-week low of GBX 392.37 and a 52-week high of GBX 645.60. The firm’s market capitalization is GBX 43.52 billion.
The firm also recently declared a dividend, which will be paid on Tuesday, December 6th. Stockholders of record on Thursday, October 20th will be issued a dividend of GBX 0.10 ($0.00) per share. The ex-dividend date of this dividend is Thursday, October 20th. This represents a dividend yield of 1.32%.
In other HSBC Holdings plc news, insider Evans,Lord purchased 1,754 shares of the business’s stock in a transaction dated Wednesday, August 31st. The shares were acquired at an average price of GBX 566 ($7.07) per share, for a total transaction of £9,927.64 ($12,403.35). Also, insider Marc Moses purchased 20,305 shares of the business’s stock in a transaction dated Monday, November 14th. The shares were acquired at an average price of GBX 620 ($7.75) per share, for a total transaction of £125,891 ($157,285.11).