HSBC Holdings plc (LON:HSBA) was upgraded by investment analysts at Citigroup Inc. to a “buy” rating in a research report issued to clients and investors on Tuesday. The firm presently has a GBX 665 ($8.31) price target on the stock, up from their previous price target of GBX 620 ($7.75). Citigroup Inc.’s price objective would suggest a potential upside of 3.74% from the stock’s current price.
HSBA has been the subject of several other reports. Societe Generale reissued a “buy” rating and set a GBX 510 ($6.37) price target on shares of HSBC Holdings plc in a research report on Friday, September 9th. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 540 ($6.75) price objective on shares of HSBC Holdings plc in a research report on Tuesday, October 4th. Morgan Stanley raised their price objective on HSBC Holdings plc from GBX 438 ($5.47) to GBX 450 ($5.62) and gave the company an “underweight” rating in a research report on Thursday, October 6th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 525 ($6.56) price objective on shares of HSBC Holdings plc in a research report on Thursday, October 13th. Finally, Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 550 ($6.87) price objective on shares of HSBC Holdings plc in a research report on Thursday, October 6th. Four analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 561.14 ($7.01).
Shares of HSBC Holdings plc (LON:HSBA) traded up 0.12% during mid-day trading on Tuesday, reaching GBX 641.00. The company’s stock had a trading volume of 14,544,664 shares. The firm’s market cap is GBX 43.59 billion. HSBC Holdings plc has a 52-week low of GBX 392.37 and a 52-week high of GBX 645.60. The firm has a 50 day moving average price of GBX 622.74 and a 200 day moving average price of GBX 531.07.
The business also recently announced a dividend, which will be paid on Tuesday, December 6th. Shareholders of record on Thursday, October 20th will be issued a dividend of GBX 0.10 ($0.00) per share. 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 Marc Moses acquired 20,305 shares of the company’s stock in a transaction dated Monday, November 14th. The shares were bought at an average cost of GBX 620 ($7.75) per share, with a total value of £125,891 ($157,285.11). Also, insider Evans,Lord acquired 1,754 shares of the company’s stock in a transaction dated Wednesday, August 31st. The stock was acquired at an average cost of GBX 566 ($7.07) per share, for a total transaction of £9,927.64 ($12,403.35).