HSBC Holdings plc (LON:HSBA)‘s stock had its “buy” rating reissued by investment analysts at Berenberg Bank in a note issued to investors on Friday. They currently have a GBX 600 ($7.50) price target on the stock. Berenberg Bank’s price target would indicate a potential downside of 6.28% from the company’s current price.
Several other equities research analysts have also commented on the stock. Goldman Sachs Group Inc. set a GBX 650 ($8.12) price target on shares of HSBC Holdings plc and gave the stock a “neutral” rating in a research note on Monday, November 7th. Citigroup Inc. restated a “buy” rating and issued a GBX 600 ($7.50) price objective on shares of HSBC Holdings plc in a research note on Tuesday, August 9th. JPMorgan Chase & Co. lifted their price objective on shares of HSBC Holdings plc from GBX 520 ($6.50) to GBX 560 ($7.00) and gave the company a “neutral” rating in a research note on Monday, October 24th. Investec restated a “buy” rating on shares of HSBC Holdings plc in a research note on Thursday, August 25th. Finally, BNP Paribas restated a “neutral” rating and issued a GBX 540 ($6.75) price objective on shares of HSBC Holdings plc in a research note on Thursday, September 22nd. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of GBX 561.14 ($7.01).
HSBC Holdings plc (LON:HSBA) opened at 639.90 on Friday. HSBC Holdings plc has a 52-week low of GBX 392.37 and a 52-week high of GBX 645.60. The company’s 50 day moving average is GBX 621.66 and its 200 day moving average is GBX 530.30. The firm’s market cap is GBX 43.51 billion.
The business also recently declared a dividend, which will be paid on Tuesday, December 6th. Investors of record on Thursday, October 20th will be given a dividend of GBX 0.10 ($0.00) per share. This represents a yield of 1.32%. The ex-dividend date is Thursday, October 20th.
In other HSBC Holdings plc news, insider Marc Moses acquired 20,305 shares of the firm’s stock in a transaction on Monday, November 14th. The stock was bought at an average cost of GBX 620 ($7.75) per share, for a total transaction of £125,891 ($157,285.11). Also, insider Evans,Lord acquired 1,754 shares of the firm’s stock in a transaction on Wednesday, August 31st. The shares were acquired at an average price of GBX 566 ($7.07) per share, with a total value of £9,927.64 ($12,403.35).