Todays Report: Today, AlphaValue Reiterates Reduce Rating for HSBC Holdings plc (HSBA)

Today, AlphaValue Reiterates Reduce Rating for HSBC Holdings plc (HSBA)

HSBC Holdings plc (LON:HSBA)‘s stock had its “reduce” rating reaffirmed by research analysts at AlphaValue in a research report issued on Monday. They presently have a GBX 609 ($7.61) target price on the stock. AlphaValue’s price objective points to a potential downside of 4.99% from the company’s previous close.

HSBA has been the topic of a number of other reports. JPMorgan Chase & Co. raised their target price on shares of HSBC Holdings plc from GBX 460 ($5.75) to GBX 520 ($6.50) and gave the stock a “neutral” rating in a research report on Tuesday, September 6th. BNP Paribas raised their target price on shares of HSBC Holdings plc from GBX 400 ($5.00) to GBX 540 ($6.75) and gave the stock a “neutral” rating in a research report on Monday, August 8th. Beaufort Securities reaffirmed a “buy” rating on shares of HSBC Holdings plc in a research report on Thursday, August 4th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 514 ($6.42) target price on shares of HSBC Holdings plc in a research report on Tuesday, August 16th. Finally, Barclays PLC set a GBX 550 ($6.87) target price on shares of HSBC Holdings plc and gave the stock a “neutral” rating in a research report on Tuesday, September 6th. Four research analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the stock. HSBC Holdings plc currently has a consensus rating of “Hold” and an average price target of GBX 561.14 ($7.01).

Shares of HSBC Holdings plc (LON:HSBA) traded up 0.12% during trading on Monday, reaching GBX 641.00. 14,544,664 shares of the company were exchanged. HSBC Holdings plc has a 1-year low of GBX 392.37 and a 1-year high of GBX 645.60. The company’s 50-day moving average is GBX 622.74 and its 200 day moving average is GBX 531.07. The firm’s market capitalization is GBX 43.59 billion.

The company also recently disclosed a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be issued a GBX 0.10 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, October 20th. This represents a yield of 1.32%.

In other news, insider Evans,Lord acquired 1,754 shares of the business’s stock in a transaction on Wednesday, August 31st. The stock was bought at an average price of GBX 566 ($7.07) per share, with a total value of £9,927.64 ($12,403.35). Also, insider Marc Moses acquired 20,305 shares of the business’s stock in a transaction on Monday, November 14th. The stock was purchased at an average cost of GBX 620 ($7.75) per share, with a total value of £125,891 ($157,285.11).

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