HSBC Holdings plc (LON:HSBA) had its price target reduced by equities research analysts at Deutsche Bank AG from GBX 585 ($7.31) to GBX 579 ($7.23) in a note issued to investors on Tuesday. The brokerage presently has a “hold” rating on the stock. Deutsche Bank AG’s price target would suggest a potential downside of 9.67% from the company’s current price.
Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. restated a “neutral” rating and set a GBX 460 ($5.75) price objective on shares of HSBC Holdings plc in a research note on Thursday, August 4th. Citigroup Inc. set a GBX 515 ($6.43) target price on HSBC Holdings plc and gave the company a “buy” rating in a research note on Wednesday, August 3rd. RBC Capital Markets set a GBX 590 ($7.37) target price on HSBC Holdings plc and gave the company a “neutral” rating in a research note on Monday, October 24th. Morgan Stanley set a GBX 480 ($6.00) target price on HSBC Holdings plc and gave the company a “sell” rating in a research note on Monday, November 7th. Finally, BNP Paribas reiterated a “neutral” rating and issued a GBX 400 ($5.00) target price on shares of HSBC Holdings plc in a research note on Friday, July 15th. Four investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. HSBC Holdings plc presently has a consensus rating of “Hold” and an average target price of GBX 561.14 ($7.01).
HSBC Holdings plc (LON:HSBA) traded up 0.12% during mid-day trading on Tuesday, reaching GBX 641.00. 14,544,664 shares of the company traded hands. HSBC Holdings plc has a 52 week low of GBX 392.37 and a 52 week high of GBX 645.60. The stock’s 50 day moving average price is GBX 622.74 and its 200 day moving average price is GBX 531.07. The firm’s market capitalization 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 given a GBX 0.10 ($0.00) dividend. This represents a yield of 1.32%. The ex-dividend date of this dividend is Thursday, October 20th.
In other HSBC Holdings plc news, insider Evans,Lord acquired 1,754 shares of HSBC Holdings plc stock in a transaction on Wednesday, August 31st. The shares were 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 HSBC Holdings plc stock in a transaction on Monday, November 14th. The stock was acquired at an average cost of GBX 620 ($7.75) per share, for a total transaction of £125,891 ($157,285.11).