HSBC Holdings plc (LON:HSBA) had its price objective increased by equities research analysts at Barclays PLC from GBX 550 ($6.87) to GBX 600 ($7.50) in a report issued on Tuesday. The firm currently has an “equal weight” rating on the stock. Barclays PLC’s price target would indicate a potential downside of 6.40% from the company’s previous close.
HSBA has been the topic of several other reports. Societe Generale reissued a “buy” rating and issued a GBX 510 ($6.37) target price on shares of HSBC Holdings plc in a research report on Friday, September 9th. BNP Paribas reissued a “neutral” rating and issued a GBX 540 ($6.75) target price on shares of HSBC Holdings plc in a research report on Tuesday, October 4th. Morgan Stanley lifted their target price on shares of HSBC Holdings plc from GBX 438 ($5.47) to GBX 450 ($5.62) and gave the stock an “underweight” rating in a research report on Thursday, October 6th. Deutsche Bank AG reissued a “hold” rating and issued a GBX 525 ($6.56) target price on shares of HSBC Holdings plc in a research report on Thursday, October 13th. Finally, Investec reissued a “buy” rating on shares of HSBC Holdings plc in a research report on Thursday, August 25th. Four research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. HSBC Holdings plc presently has a consensus rating of “Hold” and an average price target of GBX 561.14 ($7.01).
HSBC Holdings plc (LON:HSBA) traded up 0.12% during midday trading on Tuesday, reaching GBX 641.00. 14,544,664 shares of the company were exchanged. HSBC Holdings plc has a one year low of GBX 392.37 and a one year high of GBX 645.60. The firm’s 50-day moving average is GBX 622.74 and its 200-day moving average is GBX 531.07. The firm’s market cap is GBX 43.59 billion.
The firm also recently declared 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. This represents a yield of 1.32%. The ex-dividend date is Thursday, October 20th.
In other news, insider Marc Moses bought 20,305 shares of the stock in a transaction dated Monday, November 14th. The shares were acquired at an average price of GBX 620 ($7.75) per share, with a total value of £125,891 ($157,285.11). Also, insider Evans,Lord bought 1,754 shares of the stock in a transaction dated Wednesday, August 31st. The stock was purchased at an average cost of GBX 566 ($7.07) per share, for a total transaction of £9,927.64 ($12,403.35).