Todays Report: Today, HSBC Holdings plc (HSBA) Stock Rating Reaffirm by Beaufort Securities

Today, HSBC Holdings plc (HSBA) Stock Rating Reaffirm by Beaufort Securities

HSBC Holdings plc (LON:HSBA)‘s stock had its “buy” rating reiterated by analysts at Beaufort Securities in a research note issued to investors on Tuesday.

Other analysts have also issued research reports about the stock. Citigroup Inc. set a GBX 515 ($6.43) price objective on shares of HSBC Holdings plc and gave the company a “buy” rating in a research note on Thursday, July 28th. Berenberg Bank reiterated a “buy” rating and set a GBX 600 ($7.50) price objective on shares of HSBC Holdings plc in a research note on Tuesday, August 2nd. Societe Generale reiterated a “buy” rating and set a GBX 555 ($6.93) price objective on shares of HSBC Holdings plc in a research note on Thursday, August 4th. Investec reiterated a “buy” rating on shares of HSBC Holdings plc in a research note on Thursday, August 25th. Finally, Barclays PLC lifted their price objective on shares of HSBC Holdings plc from GBX 500 ($6.25) to GBX 525 ($6.56) and gave the company an “equal weight” rating in a research note on Thursday, August 4th. Four analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company. The company 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% on Tuesday, hitting GBX 641.00. 14,544,664 shares of the stock traded hands. HSBC Holdings plc has a 12-month low of GBX 392.37 and a 12-month 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 business also recently announced a dividend, which will be paid on Tuesday, December 6th. Investors 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 related news, insider Evans,Lord bought 1,754 shares of HSBC Holdings plc stock in a transaction that occurred on 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). Also, insider Marc Moses bought 20,305 shares of HSBC Holdings plc stock in a transaction that occurred on Monday, November 14th. The stock was bought at an average price of GBX 620 ($7.75) per share, with a total value of £125,891 ($157,285.11).

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